ICRA Nepal Reaffirms Ratings: Mahuli Laghubitta at BB- and Nepal Solar Farm at B

ICRA Nepal Limited has reaffirmed Mahuli Laghubitta Bittiya Sanstha Limited’s issuer rating at [ICRANP-IR] BB-, keeping it on “Watch with Negative Implications”. This rating indicates a moderate risk of default in meeting financial obligations. The rating reflects the entity’s general creditworthiness and is not tied to any specific debt. The plus (+) or minus (–) signs indicate relative positions within each rating category.

Similarly, ICRA Nepal Limited has reaffirmed Nepal Solar Farm Limited’s issuer rating at [ICRANP-IR] B, indicating a high risk of default in meeting financial obligations. The rating reflects the company’s general creditworthiness and is not tied to any specific debt. Plus (+) or minus (–) signs show relative positions within each rating category.