ICRA Nepal Assigns [ICRANP-IR] BB Issuer Rating to Crest Micro Life Insurance

ICRA Nepal Limited has assigned a [ICRANP-IR] BB issuer rating to Crest Micro Life Insurance Limited. This rating indicates a moderate risk of the company potentially failing to meet its financial obligations on time.

The [ICRANP-IR] BB rating reflects an opinion on the general creditworthiness of Crest Micro Life Insurance, but it does not pertain to any specific bond issued by the company.

ICRA Nepal’s rating scale includes categories from [ICRANP-IR] AA to [ICRANP-IR] C, with additional symbols like + (plus) or - (minus) to denote relative positions within each rating category. For instance, a rating of [ICRANP-IR] BB+ is considered one notch above [ICRANP-IR] BB, while [ICRANP-IR] BB- is one notch below [ICRANP-IR] BB.

This rating provides investors with a benchmark of the financial stability of Crest Micro Life Insurance Limited, highlighting the company's ability to meet its financial commitments relative to other rated entities.