Credit Evaluation: ICRA Nepal Rates Snow Rivers Limited with a BB- Issuer Rating

ICRA Nepal Limited has designated Snow Rivers Limited with a [ICRANP-IR] BB- Issuer Rating, indicating that institutions with this rating are moderately at risk of not meeting their financial obligations on time. The rating provided is a broad evaluation of the issuer's overall creditworthiness and does not specifically pertain to any particular bond.

Within the rating category, denoted by [ICRANP-IR] AA to [ICRANP-IR] C, the addition of a + or - sign indicates the relative position. For example, [ICRANP-IR] BB+ is positioned one mark higher than [ICRANP-IR] BB, while [ICRANP-IR] BB- is one mark below [ICRANP-IR] BB.