ICRA Nepal reaffirms Fund Management Quality Rating of ICRANP AMC Quality 3+ to NIBL Ace Capital; rating indicates adequate assurance on management quality

ICRA Nepal Limited has reaffirmed the Fund  Management Quality Rating of [ICRANP] AMC Quality  3+ (AMC3+) (Pronounced as ICRA NP Asset  Management Company Quality Three Plus) assigned to  NIBL Ace Capital Limited. Entities rated with AMC3+ are  adjudged to provide adequate assurance on management  quality.

ICRA Nepal's opinion is not a comment on statutory  compliance, financial performance or future  performance of schemes managed by the Asset  Management Company.

ICRA Nepal assigns Rating on a scale of AMC1 to  AMC5, with AMC1 adjudged to provide the highest  assurance on management quality and AMC5 adjudged  to provide poor assurance on the management quality. 

For the quality Rating 2,3 and 4 the sign of + (Plus) may  be appended to indicate their relative better position  within the rating categories concerned.