ICRA Nepal Withdraws Swarojgar Laghubitta Rating, Upgrades White Lotus Power to BB

ICRA Nepal Limited has withdrawn the issuer rating of [ICRANP-IR] B+ ‘Issuer Not Cooperating’ assigned to Swarojgar Laghubitta Bittiya Sanstha Limited. The issuer rating represented an opinion on the company’s overall creditworthiness and was not linked to any specific debt instrument.

Similarly, ICRA Nepal Limited has upgraded the issuer rating of White Lotus Power Limited to [ICRANP-IR] BB from BB-. The upgraded rating indicates a moderate risk of default in meeting financial obligations on time. ICRA Nepal stated that the rating reflects the company’s overall creditworthiness and is not tied to any specific debt instrument.