ICRA Nepal Upgrades Hilton Hydro and Snow Rivers Ratings; Reaffirms Star Micro Insurance Rating

ICRA Nepal Limited has upgraded Hilton Hydro Energy Limited’s issuer rating from [ICRANP-IR] BB- to [ICRANP-IR] BB+, indicating an improvement in its creditworthiness. The new rating reflects a moderate risk of default in meeting financial obligations. The “+” and “–” symbols denote relative strength within the same rating category.

Similarly, ICRA Nepal Limited has reaffirmed the issuer rating of [ICRANP-IR] BB- for Star Micro Insurance Company Limited, indicating that the company continues to carry a moderate risk of default in meeting its financial obligations. The rating reflects the entity’s overall creditworthiness and not any specific debt instrument.

And, ICRA Nepal Limited has upgraded the issuer rating of Snow Rivers Limited from [ICRANP-IR] BB- to [ICRANP-IR] BB+, reflecting an improvement in the company’s credit profile. The rating indicates a moderate risk of default in meeting financial obligations and represents a higher standing within the BB rating category.