ICRA Nepal assigns ICRANP LA- rating to Rs 2 arba worth of Subordinated Debenture Programme of Sanima Bank; reaffirms ICRANP-IR A- Issuer Rating to the bank

ICRA Nepal Limited has assigned [ICRANP] LA- (Pronounced as ICRA NP LA Minus) Rating to the Rs. 2 arba worth of Subordinated Debenture Programme (10 % Sanima Debenture 2085) of Sanima Bank Limited. Instruments with this rating are considered to have adequate degree of safety regarding timely servicing of financial obligation. Such instruments carry low credit risk.

+/- signs indicates their relative position within the Rating category concerned by one notch higher/lower.

In addition, ICRA Nepal Limited has reaffirmed a [ICRANP-IR] A- (Pronounced as ICRA NP Issuer Rating A Minus) Issuer Rating of Sanima Bank Limited. This is the adequate-credit-quality Rating assigned by ICRA Nepal. The rated entity carries average credit risk.

The Rating is only an opinion on the general creditworthiness of the rated entity and not specific to any particular debt instrument.

For the Rating categories [ICRANP-IR] A through to [ICRANP-IR] C the sign of + (plus) or – (minus) may be appended to the Rating symbols to indicate their relative position within the Rating categories concerned. Thus the Rating of [ICRANP-IR] A+ is one notch higher than [ICRANP-IR] A, while [ICRANP-IR] A- is one notch lower than [ICRANP-IR] A.