ICRA Nepal Limited Withdraws Issuer Rating for Jalpa Samudayik Laghubitta Limited

ICRA Nepal Limited has officially withdrawn the [ICRANP-IR] BB-@* issuer rating previously assigned to Jalpa Samudayik Laghubitta Bittiya Sanstha Limited (JALPA). This decision comes in response to the request made by the customer.

The [ICRANP-IR] BB-@* rating, characterized by micro monitoring including adverse effects, was withdrawn after careful consideration. While ICRA Nepal Limited provided this rating to assess the creditworthiness of Jalpa Samudayik Laghubitta Bittiya Sanstha Limited in the past, the institution's request for withdrawal prompted ICRA Nepal Limited to take this step.

The withdrawal of the issuer rating signifies the termination of ongoing monitoring and assessment activities related to Jalpa Samudayik Laghubitta Bittiya Sanstha Limited by ICRA Nepal Limited. This decision reflects the evolving dynamics of the institution's operations and its preference for a different approach to credit assessment.

ICRA Nepal Limited remains committed to providing accurate and timely assessments of financial institutions, contributing to informed decision-making in the financial market.