ICRA Nepal Reaffirms AMC Quality 3 Rating for Citizens Capital Limited

ICRA Nepal Limited has reaffirmed the AMC Quality 3 (AMC3) rating for Citizens Capital Limited, indicating a sufficient level of management quality.

The rating assesses the management quality of the entity, highlighting its assurance level, but does not pertain to legal compliance, financial performance, or the future outlook of the managed funds.

ICRA Nepal utilizes a scale from AMC1 to AMC5, where AMC1 reflects very high management quality assurance, while AMCS denotes weaker management quality. The use of the + symbol alongside ratings 2, 3, and 4 signifies a relatively positive status within those categories.