ICRA Nepal Reaffirms AMC Quality 3+ Rating for NIMB Ace Capital Limited

ICRA Nepal Limited has reaffirmed the AMC Quality 3+ rating for NIMB Ace Capital Limited, indicating that the management quality of the entity is sufficiently assured. This rating signifies a positive position within its category, reflecting a moderate level of management quality assurance.

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.

It is important to note that ICRA Nepal's rating does not assess the legal compliance of the managed plan, nor does it provide opinions on the financial performance or prospects of NIMB Ace Capital Limited.

This reaffirmation underscores ICRA Nepal's commitment to transparent and rigorous assessment standards, aimed at providing valuable insights for investors and stakeholders evaluating NIMB Ace Capital Limited's managed activities.