ICRA Nepal Downgrades Kumari Bank's Issuer and Debenture Ratings, Places Under Adverse Watch

ICRA Nepal Limited has downgraded the issuer and debenture ratings of Kumari Bank Limited while keeping them closely monitored with an adverse outlook. The issuer rating was downgraded from [ICRANP-IR] BBB- to [ICRANP-IR] BB+@, and the subordinated debenture rating from [ICRANP] LBBB- to [ICRANP] LBB+@.

These ratings indicate a moderate risk of default in meeting financial obligations. The ratings reflect the bank’s general creditworthiness and are not recommendations for buying or selling securities. Additionally, rating suffixes (+) or (-) indicate relative positioning within the respective rating category.