ICRA Nepal Upgrades Dordi Khola Jal Bidhyut’s Issuer Rating to BB-

ICRA Nepal Limited has upgraded the issuer rating of Dordi Khola Jal Bidhyut Company Limited from [ICRANP-IR] B+ to [ICRANP-IR] BB-, indicating a moderate risk of default regarding timely financial obligations. This improved rating reflects the company’s enhanced creditworthiness.

ICRA Nepal clarified that the issuer rating represents the general financial health of the company, not a specific debt instrument.

In ICRA’s rating structure, the use of plus (+) or minus (−) signs signifies the relative standing within each category. For example, BB+ is one notch higher than BB, while BB- is one notch lower, as in this case.

The rating upgrade is a positive signal for stakeholders, suggesting increased confidence in Dordi Khola Jal Bidhyut’s financial and operational stability.