ICRA Nepal Reaffirms BB- Rating for Samata Gharelu Laghubitta Sanstha Limited Amid Adverse Effects

ICRA Nepal Limited has reaffirmed the Issuer Rating [ICRANP-IR] BB- for Samata Gharelu Laghubitta Bittiya Sanstha Limited (SMATA). This rating reflects the institution's moderate risk of failing to meet its financial obligations on time. The rating also comes with a note of "Micro-surveillance with adverse effects," indicating ongoing monitoring due to concerns over the institution's financial stability.

The [ICRANP-IR] BB- rating suggests that while the institution is considered to have an acceptable level of creditworthiness, there is a higher risk compared to those rated in the [ICRANP-IR] BB category. ICRA Nepal's rating scale ranges from [ICRANP-IR] AA to [ICRANP-IR] C, with intermediate positions denoted by plus or minus signs. For instance, [ICRANP-IR] BB+ is one notch above [ICRANP-IR] BB, while [ICRANP-IR] BB- is one notch below.