ICRA Nepal Reaffirms AA+ Rating for Nepal Electricity Authority, Signifying Strong Financial Security

ICRA Nepal Limited has reaffirmed the [ICRANP-IR] AA+ rating for Nepal Electricity Authority (NEA), which indicates a high level of security regarding the timely fulfillment of financial obligations. Entities with this rating are considered to have very low credit risk. This rating reflects the general creditworthiness of the entity, not specific debt instruments.

The rating scale ranges from [ICRANP-IR] AA to [ICRANP-IR] C, with the "+" or "-" signs indicating the comparative position within each rating class. The [ICRANP-IR] AA+ rating is one level higher than [ICRANP-IR] AA, and one level lower than [ICRANP-IR] AA-.