ICRA Nepal Reaffirms BB- Rating for Mahuli Laghubitta, B Rating for Rapti Hydro with Monitoring

ICRA Nepal Limited has reaffirmed the Issuer Rating of [ICRANP-IR] BB- for Mahuli Laghubitta Bittiya Sanstha Limited, indicating a moderate risk of the institution failing to meet its financial obligations on time.

The rating is accompanied by micro-monitoring, reflecting potential adverse effects. The rating represents the issuer's general creditworthiness, not specific to any bond, with the [ICRANP-IR] BB- category being one step below [ICRANP-IR] BB.

Similarly, ICRA Nepal Limited has reaffirmed the Issuer Rating [ICRANP-IR] B* for Rapti Hydro & General Construction Limited, indicating a high risk of the company failing to meet its financial obligations on time.

The rating is accompanied by subtle monitoring with developing implications. It reflects the issuer's general creditworthiness, not specific to any particular bond.