ICRA Nepal Upgrades Ratings of Kabeli Hydropower and Sahas Urja

ICRA Nepal Limited has upgraded the issuer rating of Kabeli Hydropower Company Limited from [ICRANP-IR] BB to [ICRANP-IR] BB+. This upgrade indicates a slightly improved credit profile, though the company is still considered to have a moderate risk of default in meeting its financial obligations. The rating reflects ICRA Nepal’s opinion on the company’s overall creditworthiness rather than any specific debt instrument. The “+” sign denotes a higher position within the same rating category, meaning BB+ is one level above BB.

Similarly, ICRA Nepal Limited has upgraded the issuer rating of Sahas Urja Limited from [ICRANP-IR] BBB- to [ICRANP-IR] BBB. This upgrade reflects an improved credit profile, with the company now considered to have a moderate degree of safety in meeting its financial obligations. The rating represents ICRA Nepal’s opinion on the company’s overall creditworthiness, not on any specific debt instrument. The rating scale allows “+” or “–” modifiers to show relative standing, with BBB being one notch above BBB-.