ICRA Nepal reaffirms ICRANP LA Rating to the Rs 60 crore worth of Subordinated Bond Program of Himalayan Bank; rating indicates low credit risk of the instrument
Sun, Jul 22, 2018 11:30 AM on Bonds & Debentures, Credit Rating, Latest, Stock Market,
ICRA Nepal Limited has reaffirmed a [ICRANP] LA (Pronounced as ICRA NP L A) Rating to the Rs. 60 crore Subordinated Bond Program of Himalayan Bank Limited. Instruments with this rating are considered to have adequate degree of safety regarding timely servicing of financial obligation. Such instruments carry low credit risk.
The rating has been removed from “rating watch with negative implications”
+/- signs indicates their relative position within the Rating category concerned by one notch higher/lower.
