ICRA Nepal assigns Issuer Rating ICRANP-IR BBB+ to Subordinated Debenture worth Rs 2 arba of Laxmi Bank indicating moderate degree of safety regarding timely servicing of financial obligations

ICRA Nepal Limited has reaffirmed ratings of Laxmi Bank  Limited with a continuation on ‘Watch with Negative  Implications’ where the rating agency has provided Issuer Rating ICRANP-IR BBB+  which continues to be on watch With Negative Implications to the Subordinated Debenture worth NPR 2,000 million. 

Issuers with rating of [ICRANP-IR] BBB+ and Instruments with Rating of [ICRANP] LBBB+ are considered to have moderate degree of safety regarding timely servicing of financial obligations. Such Issuers and instruments carry moderate credit risk.

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

**Debenture Rating is not a recommendation to buy, sell or hold securities nor it is a comment on the price or valuation of securities issued by company.

For the Rating categories AA through to 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 BBB+ is one notch higher than BBB, while BBB- is one notch lower than BBB.