ICRA Nepal assigns ICRANP LBB and ICRANP A4+  gradings to aggregate borrowing of Rs. 1.38 arba of Autoways Pvt. Ltd

ICRA Nepal Limited has assigned following ratings to aggregate borrowing of Rs. 1.38 arba of Autoways Pvt. Ltd.

1. Long Term Loan: ICRA Nepal has assigned [ICRANP] LBB (Pronounced as ICRA NP L Double B) Rating to the Long-Term Borrowing of NPR 22.90 crore. Borrowing with this rating are considered to have moderate risk of default regarding timely servicing of financial obligation.
2. Short Term Loan: ICRA Nepal has assigned [ICRANP] A4+ (Pronounced as ICRA NP A Four Plus) Rating to Short-Term Borrowing of NPR 1.15 arba . Instruments with this rating are considered to have minimal degree of safety regarding timely payment of financial obligations. Such instruments carry very high credit risk and are susceptible to default

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