ICRA Nepal Reaffirms [ICRANP-IR] A+ Rating for Shikhar Insurance Company Limited

ICRA Nepal Limited has reaffirmed the [ICRANP-IR] A+ issuer rating previously awarded to Shikhar Insurance Company Limited (SICL). This rating signifies that Shikhar Insurance is considered sufficiently secure in terms of meeting its financial obligations on time, indicating a low credit risk for the institution.

The [ICRANP-IR] rating categories range from AA to C, with a + (plus) or - (minus) sign indicating the comparative position within each category. For instance, the [ICRANP-IR] A+ rating is positioned one notch above [ICRANP-IR] A, while [ICRANP-IR] A- is one notch below [ICRANP-IR] A. Shikhar Insurance's reaffirmed rating reflects its strong financial stability and ability to fulfill its financial commitments, maintaining its status as a low-risk institution.