ICRA Nepal downgrades rating of Ru Ru Jalbidhyut Pariyojana to ICRANP-IR BBB; rating indicates moderate degree of safety regarding timely servicing of financial obligations

ICRA Nepal Limited has downgraded the rating of Ru Ru Jalbidhyut Pariyojana Limited to [ICRANP-IR] BBB (pronounced as ICRA NP Issuer Rating Triple B) and moved the rating to ‘Issuer Not Cooperating’ category with notice for rating withdrawal. 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. These 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.