Market to be flooded with new debenture programs soon; Rs 2 arba worth Debentures of Laxmi Bank receives ICRA Nepal rating with moderate degree of safety regarding timely servicing of financial obligations

  • -ShareSansar
Wed, May 15, 2019 1:00 PM on Bonds & Debentures, Corporate, Latest,
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ICRA Nepal Limited has assigned [ICRANP] LBBB+ (Pronounced as ICRA NP L Triple B plus) Rating to the Rs. 2 arba worth Subordinated Debenture Programme (10% Laxmi Bank Debentures 2086) of Laxmi Bank Limited.

Instruments with this rating are considered to have moderate degree of safety regarding timely servicing of financial obligations. Such instruments carry moderate credit risk.

Debenture Rating is not a recommendation to buy, sell or hold securities nor it is a comment on the price or valuation of securities issued by company.

Note: +/- signs indicates their relative position within the Rating category concerned by one notch higher/lower.