ICRA Nepal provides Issuer Rating ICRANP-IR A and ICRANP LA to Subordinated Debenture of NMB Bank worth Rs 1.68 arba

ICRA Nepal Limited has placed ratings of NMB Bank Limited on ‘Watch with Negative Implications’.

The rating agency has provided an Issuer Rating  [ICRANP-IR] A   and [ICRANP] LA “placed on watch With Negative Implications” to the Subordinated Debenture of the bank worth NPR 1,684.505 million

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