ICRA Nepal places Ratings of Nabil Bank on Watch with Negative Implications; Rs 2 Arba worth debentures of then NB Bank receives such a rating

ICRA Nepal Limited has placed Ratings of Nabil Bank Limited on ‘Watch with Negative Implications’. As per the report, the rating agency has assigned Issuer Rating ICRANP-IR AA- “placed on watch With Negative Implications” to NPR 2,000 million worth of Subordinated Debenture issued by erstwhile Nepal Bangladesh Bank

Issuers with rating of [ICRANP-IR] AA and Instruments with Rating of [ICRANP] LAA are considered to have high degree of safety regarding timely servicing of financial obligations. Such Issuers and instruments carry very low 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 AA+ is one notch higher than AA, while AA- is one notch lower than AA.