ICRA Nepal re-affirms Fund Management Quality Rating of ICRANP AMC Quality 3+ to Nabil Investment Banking indicating adequate assurance on management quality

ICRA Nepal re-affirmed the Fund Management Quality Rating of [ICRANP] AMC Quality 3+ (AMC3+) (Pronounced as ICRA NP Asset Management Company Quality Three Plus) assigned to Nabil Investment Banking Limited. Entities rated with AMC3 are adjudged to provide adequate assurance on management quality.

ICRA Nepal's opinion is not a comment on statutory compliance, financial performance or future performance of schemes managed by the Asset Management Company.

ICRA Nepal assigns Rating on a scale of AMC1 to AMC5, with AMC1 adjudged to provide the highest assurance on management quality and AMC5 adjudged to provide poor assurance on management quality. For the quality Rating 2,3 and 4 the sign of + (Plus) may be appended to indicate their relatively better position within the rating categories concerned.