ICRA Nepal assigns Issuer Rating of ICRANP-IR BBB- to Arun Kabeli Power indicating moderate degree of safety regarding timely servicing of financial obligations

ICRA Nepal Limited has assigned Issuer Rating of  [ICRANP-IR] BBB- (Pronounced as ICRA NP Issuer Rating  Triple B Minus) to Arun Kabeli Power Limited. Issuers with this rating are considered to have moderate degree of safety regarding timely servicing of financial obligations. Such  issuers 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. 

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] BBB+ is one notch higher than [ICRANP-IR] BBB, while  [ICRANP-IR] BBB- is one notch lower than [ICRANP-IR] BBB.