Terhathum Power Rating Withdrawn, Hym Consult Upgraded to B+ by ICRA Nepal

ICRA Nepal Limited has withdrawn the issuer rating of Terhathum Power Company Limited after receiving a formal request from the company. The rating, previously at [ICRANP-IR] BB, represented a general assessment of the company’s creditworthiness rather than any specific financial instrument.

Similarly, ICRA Nepal Limited has upgraded the issuer rating of Hym Consult Limited from B- (previously under the “Issuer Not Cooperating” category) to B+ and removed it from the non-cooperating status. Despite the upgrade, the rating still indicates a high risk of default in meeting financial obligations on time. The rating reflects only the company’s overall creditworthiness and not any specific financial instrument.