ICRA Nepal Downgrades Super Madi Hydropower Limited’s Issuer Rating to [ICRANP-IR] B-
Tue, Nov 12, 2024 10:24 AM on Latest, Corporate, Credit Rating,
ICRA Nepal Limited has downgraded the issuer rating for Super Madi Hydropower Limited from [ICRANP-IR] BB+ to [ICRANP-IR] B-, indicating a high risk in meeting financial obligations on time. This rating reflects the issuer's general creditworthiness, not any specific bond.
Ratings from [ICRANP-IR] AA to [ICRANP-IR] C, with "+" or "-" signs, denote relative positions within each rating class, where [ICRANP-IR] B+ is one level above [ICRANP-IR] B, and [ICRANP-IR] B- is one level below.
