ICRA Nepal Updates Ratings: Kumari Bank Removed from Negative Watch, Daunne Agro Farm Assigned BB-

ICRA Nepal Limited has removed Kumari Bank Limited’s issuer rating and subordinated debenture rating from ‘Watch with Negative Implications’. The bank’s issuer rating [ICRANP-IR] BB+ and subordinated debenture rating [ICRANP] LBB+ now reflect a moderate risk of default in meeting financial obligations. The ratings represent the bank’s overall creditworthiness and are not specific to any particular debt instrument. In ICRA’s rating scale, BB+ is one notch above BB, while BB- is one notch below.

Similarly, ICRA Nepal Limited has assigned an issuer rating of [ICRANP-IR] BB- to Daunne Agro Farm Limited, indicating a moderate risk of default in meeting financial obligations. The rating reflects the company’s overall creditworthiness and is not tied to any specific debt instrument. In ICRA’s rating scale, BB- is positioned one notch below BB, while BB+ is one notch above.