ICRA Nepal Assigns BB- Issuer Rating to Star Micro Insurance Company
Tue, Dec 24, 2024 1:06 PM on Latest, Corporate, Credit Rating,
ICRA Nepal Limited has assigned a BB- issuer rating to Star Micro Insurance Company Limited, indicating a moderate risk of failing to meet financial obligations on time. The rating reflects the company's general creditworthiness but does not apply to any specific bond.
The rating scale ranges from [ICRANP-IR] AA to [ICRANP-IR] C, with the addition of + or - signs indicating the relative position within each category. Thus, [ICRANP-IR] BB+ is one level above [ICRANP-IR] BB, while [ICRANP-IR] BB is one level below.
