ICRA Nepal Downgrades Bhujung Hydropower Limited's Issuer Rating to [ICRANP-IR] B-

ICRA Nepal Limited has downgraded Bhujung Hydropower Limited from a [ICRANP-IR] B+ issuer rating to [ICRANP-IR] B-. This revision indicates a heightened perception of risk associated with Bhujung Hydropower Limited's ability to meet its financial obligations on time.

The issuer rating provided by ICRA Nepal reflects an overall assessment of the general creditworthiness of Bhujung Hydropower Limited. It is important to clarify that this rating pertains to the institution's creditworthiness as a whole and does not specifically evaluate any bonds issued by Bhujung Hydropower Limited.

ICRA Nepal employs a comprehensive rating scale for issuer ratings ranging from [ICRANP-IR] AA to [ICRANP-IR] C, with additional + (plus) or - (minus) symbols indicating comparative positions within each respective category. For instance, [ICRANP-IR] B+ denotes a slightly higher position within the B category, while [ICRANP-IR] B- indicates a slightly lower position.

This downgrade serves as a crucial indicator of the credit risk associated with Bhujung Hydropower Limited, providing stakeholders with valuable insights into the institution's financial stability and ability to honor its financial commitments.