ICRA Nepal Reaffirms and Upgrades Issuer Ratings for Trade Tower, Mai Khola Hydropower, and Shreenagar Agritech Industries

ICRA Nepal Limited has reaffirmed the issuer rating [ICRANP-IR] BB- for Trade Tower Limited. Entities with this rating are considered to have a moderate risk of defaulting on financial obligations. The rating reflects the general creditworthiness of the issuer and is not specific to any particular debt instrument. The rating scale ranges from [ICRANP-IR] AA to [ICRANP-IR] C, with plus (+) and minus (-) signs indicating comparative positioning within a category. A BB+ rating is one notch higher than BB, while BB- is one notch lower.

ICRA Nepal Limited has reaffirmed the issuer rating [ICRANP-IR] BB+ for Mai Khola Hydropower Limited. Entities with this rating are considered to have a moderate risk of defaulting on financial obligations. The rating reflects the general creditworthiness of the issuer and is not specific to any particular debt instrument. The rating scale ranges from [ICRANP-IR] AA to [ICRANP-IR] C, with plus (+) and minus (-) signs indicating comparative positioning within a category. A BB+ rating is one notch higher than BB, while BB- is one notch lower.

ICRA Nepal Limited has upgraded the issuer rating of Shreenagar Agritech Industries Limited from [ICRANP-IR] B- to [ICRANP-IR] B. Entities with this rating are considered to have a high risk of defaulting on financial obligations. The rating reflects the general creditworthiness of the issuer and is not specific to any particular debt instrument. The rating scale ranges from [ICRANP-IR] AA to [ICRANP-IR] C, with plus (+) and minus (-) signs indicating comparative positioning within a category. A B+ rating is one notch higher than B, while B- is one notch lower.