ICRA Nepal reaffirms ICRANP-IR A- to NMB Bank indicating adequate-credit-quality Rating

ICRA Nepal Limited has reaffirmed a [ICRANP-IR] A- (Pronounced as ICRA NP Issuer Rating A Minus) Issuer Rating of NMB Bank Limited.

This is the adequate-credit-quality Rating assigned by ICRA Nepal. The rated entity carries average credit risk.

The Rating is only an opinion on the general creditworthiness of the rated entity and not specific to any particular debt instrument.

For the Rating categories [ICRANP-IR] AA through to [ICRANP-IR] C the sign of + (plus) or – (minus) may be appended to the Rating symbols to indicate their relative position within the Rating categories concerned. Thus the Rating of [ICRANP-IR] A+ is one notch higher than [ICRANP-IR] A, while [ICRANP-IR] A- is one notch lower than [ICRANP-IR] A.