ICRA Nepal Reaffirms B+ Issuer Rating for Mabilung Energy Limited

ICRA Nepal Limited has reaffirmed the [ICRANP-IR] B+ Issuer Rating for Mabilung Energy Limited. This rating signifies that the institution carries a higher risk in meeting financial obligations punctually. It reflects ICRAN Nepal's assessment of Mabilung Energy Limited's overall creditworthiness, emphasizing it as a general opinion and not specific to any bonds issued.

The [ICRANP-IR] rating scale ranges from AA (highest) to C (lowest), with each class further distinguished by a + or - sign to indicate comparative standing within its category. In this context, [ICRANP-IR] B+ denotes a position slightly higher than [ICRANP-IR] B, while [ICRANP-IR] B- is one notch below [ICRANP-IR] B.

This rating reaffirmation underscores ICRAN Nepal's ongoing evaluation of Mabilung Energy Limited's financial health and underscores its relative positioning within the specified rating class.