Chandragiri Hills Limited Receives Reaffirmed Credit Ratings from ICRA Nepal

ICRA Nepal, a leading credit rating agency, has reaffirmed the issuer rating of Chandragiri Hills Limited (CGH) at [ICRANP-IR] BB+ (pronounced ICRA NP issuer rating double B plus). Additionally, the agency has reaffirmed the company's long-term loan ratings at [ICRANP] LBB+ (pronounced ICRA NP L double B plus). However, ICRA Nepal has withdrawn the rating previously assigned to the short-term loan limits of CGH.

This reaffirmation reflects ICRA Nepal's continued confidence in Chandragiri Hills Limited's creditworthiness and ability to meet its long-term financial obligations. The BB+ issuer rating signifies a satisfactory level of creditworthiness with moderate risk, while the LBB+ long-term loan rating indicates a strong capacity for timely repayment of financial commitments.

Chandragiri Hills Limited, renowned for its iconic hilltop destination near Kathmandu, can expect continued support from investors and lenders based on ICRA Nepal's assessment. This reaffirmation underscores the company's resilience and stability amidst evolving market dynamics.