ICRA Nepal Updates Ratings: Omstone Hotels B+, Vijaya Laghubitta Downgraded, Siddhartha Capital AMC3+ Reaffirmed

ICRA Nepal Limited has assigned Omstone Hotels Limited an issuer rating of [ICRANP-IR] B+, indicating a high risk of default in meeting financial obligations. The rating reflects the company’s general creditworthiness and is not linked to any specific debt instrument. Ratings may include a “+” or “–” to indicate relative position within the category, with B+ higher and B– lower than B.

Similarly, ICRA Nepal Limited has downgraded Vijaya Laghubitta Bittiya Sanstha Limited’s issuer rating from [ICRANP-IR] B+@ to [ICRANP-IR] B@, with the rating remaining on ‘Watch with Negative Implications’. This indicates a high risk of default in meeting financial obligations. The rating reflects the company’s general creditworthiness and is not linked to any specific debt instrument. Ratings may include a “+” or “–” to show relative position within the category.

Also, ICRA Nepal Limited has reaffirmed Siddhartha Capital Limited’s Fund Management Quality Rating (FMQR) at [ICRANP] AMC Quality 3+, indicating adequate assurance on the company’s management quality. The rating reflects the general quality of management and does not comment on statutory compliance, financial performance, or future performance of the schemes managed. Ratings range from AMC1 (highest assurance) to AMC5 (lowest), with a “+” sign indicating a relatively stronger position within a category.