ICRA Nepal Assigns [ICRANP-IR] BB Issuer Rating to Protective Micro Insurance Limited

ICRA Nepal Limited has recently assigned an [ICRANP-IR] BB Issuer Rating to Protective Micro Insurance Limited. This rating signifies a moderate risk that the institution may fail to meet its financial obligations on time.

The [ICRANP-IR] BB rating reflects ICRA Nepal's general opinion on Protective Micro Insurance Limited's creditworthiness. It is important to note that this rating pertains to the issuer's overall credit strength rather than specific bonds issued by the institution.

The rating scale used by ICRA Nepal ranges from [ICRANP-IR] AA to [ICRANP-IR] C, with additional notations of + (plus) or - (minus) to indicate relative positions within each class. For instance, an [ICRANP-IR] BB+ rating is one notch higher than [ICRANP-IR] BB, while an [ICRANP-IR] BB rating is one notch lower.

This assessment provides valuable insights into the financial stability of Protective Micro Insurance Limited and its capacity to manage financial obligations effectively.