ICRA Nepal assigns issuer rating at ICRA-NP-IR A- to Machhapuchchhre Bank; also reaffirms outstanding rating ICRA-NP LA- to 10.25% Subordinated Debenture Programme of the bank
Sun, Jun 16, 2019 6:53 AM on Credit Rating, Latest,
ICRA Nepal Limited has assigned issuer rating at [ICRANP-IR] A- (Pronounced as ICRA NP issuer rating A Minus) to Machhapuchchhre Bank Limited.
Issuers with this rating are considered to have adequate degree of safety regarding timely servicing of financial obligations. Such issuers carry low credit risk.
The Rating is only an opinion on the general creditworthiness of the rated entity and not specific to any particular debt instrument.
ICRA Nepal has also reaffirmed the outstanding rating [ICRANP] LA- reaffirmed) to 10.25% Subordinated Debenture Programme of the bank that totals to Rs 3 arba.
For the Rating categories [ICRANP-IR] AA 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.
