ICRA Nepal Downgrades Vijaya Laghubitta’s Issuer Rating to [ICRANP-IR] BB-@ Amid Financial Risk Concerns
Tue, Nov 12, 2024 10:32 AM on Latest, Corporate, Credit Rating,
ICRA Nepal Limited has downgraded Vijaya Laghubitta Bittiya Sanstha Limited’s issuer rating from [ICRANP-IR] B+@ to [ICRANP-IR] BB-@, signaling high risk in meeting financial obligations and subject to close monitoring for adverse effects. This rating reflects the issuer's general creditworthiness, not specific bonds.
The rating scale from [ICRANP-IR] AA to [ICRANP-IR] C, with "+" or "-" indicators, shows relative positions within each class, where [ICRANP-IR] B+ is one level above [ICRANP-IR] B, and [ICRANP-IR] B- is one level below.
