ICRA Nepal Reaffirms AMC Quality 3+ Rating for NIC Asia Capital Limited

ICRA Nepal Limited has reaffirmed the AMC Quality 3+ rating assigned to NIC Asia Capital Limited. This rating underscores the high assurance of management quality observed in the operations of NIC Asia Capital Limited.

The AMC Quality ratings provided by ICRA Nepal range from AMC1 to AMC5, where AMC1 represents a very high assurance of management quality and AMC5 indicates weak management quality. The addition of a + (plus) symbol to ratings 2, 3, and 4 indicates a relatively positive positioning within each respective category.

The rating reaffirmation by ICRA Nepal focuses on evaluating the management quality of NIC Asia Capital Limited and does not encompass opinions on legal compliance, financial performance, or the future outlook of the managed funds.

NIC Asia Capital Limited continues to demonstrate a robust framework for managing assets under management, ensuring sufficient assurance in its management practices as assessed by ICRA Nepal.