ICRA Nepal places Citizens Bank International Limited’s rating on Watch with Negative Implications scale

ICRA Nepal Limited has placed the Citizens Bank International Limited’s rating on “Watch with Negative Implications”.

Instrument with such a rating denotes rating watch with negative implications. Issuers with rating of [ICRANP-IR] BBB+ and Instruments with Rating of [ICRANP] LBBB+ 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. **Debenture Rating is not a recommendation to buy, sell or hold securities nor it is a comment on the price or valuation of securities issued by company. For the Rating categories AA through to C the 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 BBB+ is one notch higher than BBB, while BBB- is one notch lower than BBB. ICRA Nepal Limited Sunrise Bizz Park, 6th floor, Dillibazar, Kathmandu