ICRA Nepal Assigns [ICRANP-IR] B Issuer Rating to Nepal Solar Farm Limited

ICRA Nepal Limited has awarded an [ICRANP-IR] B Issuer Rating to Nepal Solar Farm Limited. This rating indicates that the institution is considered to have a high risk of failing to fulfill its financial obligations on time.

The issuer rating reflects ICRA Nepal's general opinion on the overall creditworthiness of Nepal Solar Farm Limited, rather than its assessment of any specific bond. ICRA Nepal's rating scale ranges from [ICRANP-IR] AA to [ICRANP-IR] C.

Within each category, the addition of a plus (+) or minus (-) sign denotes the comparative position of the issuer within that category. For example, a [ICRANP-IR] B+ rating is one mark above [ICRANP-IR] B, while a [ICRANP-IR] B- rating is one mark below [ICRANP-IR] B.