ICRA Nepal assigns issuer rating of ICRANP-IR BBB to Chilime Engineering and Services Company indicating moderate degree of safety regarding timely servicing of financial obligations

ICRA Nepal Limited has assigned an issuer rating of  [ICRANP-IR] BBB (Pronounced ICRA NP issuer rating triple B) to Chilime Engineering and Services Company 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.