ICRA Nepal Reaffirms Hathway Investment's Rating and Downgrades Synergy Power's Creditworthiness

ICRA Nepal has reaffirmed the [ICRANP-IR] BBB- Issuer Rating for Hathway Investment Nepal Limited (HATHY). This rating indicates that the institution has moderate credit risk and is moderately secure in fulfilling its financial obligations on time. The rating reflects the company's general creditworthiness and is not specific to any bonds. Rating categories from [ICRANP-IR] AA to [ICRANP-IR] C, with plus or minus signs, show the relative standing within each category. For instance, [ICRANP-IR] BBB+ is one level higher than [ICRANP-IR] BBB, while [ICRANP-IR] BBB- is one level lower.

ICRA Nepal has downgraded Synergy Power Development Limited's (SPDL) rating from [ICRANP-IR] BB+ to [ICRANP-IR] BB and issued a notice for rating withdrawal under the "Issuer Not Cooperating" category. This rating indicates that the institution has a moderate risk of failing to meet its financial obligations on time. The rating reflects the company's general creditworthiness and is not bond-specific. Rating categories range from [ICRANP-IR] AA to [ICRANP-IR] C, with plus or minus signs indicating their relative position. For example, [ICRANP-IR] BB+ is one level higher than [ICRANP-IR] BB, while [ICRANP-IR] BB- is one level lower.