ICRA Nepal re-affirms high-credit-quality Rating to Nabil Bank; rates the bank with ICRANP-IR AA- indicating low credit risk

ICRA Nepal Limited has reaffirmed a [ICRANP-IR] AA- (Pronounced as ICRA NP Issuer Rating Double A Minus) Issuer Rating of Nabil Bank Limited. This is the high-credit-quality Rating assigned by ICRA Nepal. The rated entity carries 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.

For the Rating categories [ICRANP-IR] AA through to [ICRANP-IR] 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 [ICRANP-IR] AA+ is one notch higher than [ICRANP-IR] AA,  while [ICRANP-IR] AA- is one notch lower than [ICRANP-IR] AA.