ICRA Nepal Upgrades Ratings of Garima Capital and Nepal Infrastructure Bank

ICRA Nepal has upgraded Garima Capital Limited’s Fund Management Quality Rating from AMC4+ to AMC3, indicating the company now provides adequate assurance on management quality. The rating reflects management quality only and not statutory compliance or financial performance.

Also, ICRA Nepal has upgraded Nepal Infrastructure Bank Limited’s issuer rating from BBB to BBB+, indicating a moderate degree of safety in meeting financial obligations and moderate credit risk. The rating reflects overall creditworthiness, not any specific debt instrument.