ICRA Nepal Limited Downgrades Kutheli Bukhari Small Hydropower Limited's Credit Rating

ICRA Nepal Limited has downgraded the credit rating of Kutheli Bukhari Small Hydropower Limited (KBSH) from [ICRANP-IR] BBB- to [ICRANP-IR] BB+. The downgraded rating falls under the 'Issuer Not Cooperating' category, which is a notice for rating withdrawal. Institutions with this rating are considered to have a moderate risk of failing to meet their financial obligations on time.

The rating reflects the issuer's overall creditworthiness and is not specific to any bond. The rating scale ranges from [ICRANP-IR] AA to [ICRANP-IR] C, with a plus (+) or minus (-) sign indicating the relative position within the category. For instance, [ICRANP-IR] BB+ is one notch above [ICRANP-IR] BB, while [ICRANP-IR] BB- is one notch below [ICRANP-IR] BB.