ICRA Nepal Withdraws AMC Quality Rating for Nabil Investment Banking Limited

Wed, Jul 10, 2024 6:55 AM on Latest, Corporate, Credit Rating,

ICRA Nepal Limited has officially withdrawn the [ICRANP] AMC Quality 3+ (AMC3+) rating previously assigned to Nabil Investment Banking Limited. This action was taken at the request of the customer.

ICRA Nepal clarifies that the withdrawn rating does not reflect an opinion on the legal compliance, financial performance, or future performance of the investment plans managed by Nabil Investment Banking Limited.

ICRA Nepal’s rating system ranges from AMC1 to AMC5, where AMC1 represents a very high assurance of management quality and AMC5 indicates poor management quality. Additionally, the plus (+) symbol used in the quality ratings of 2, 3, and 4 denotes a relatively positive status within that category.