ICRA Nepal reaffirms issuer rating of ICRANP-IR B to Fleur Himalayan Limited indicating high risk of default regarding timely servicing of financial obligations

ICRA Nepal Limited has reaffirmed issuer rating of  [ICRANP-IR] B (pronounced ICRA NP issuer rating B) to Fleur Himalayan Limited. Issuers with this rating are  considered to have high risk of default regarding timely  servicing of financial obligations. 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] B+ is one notch higher than [ICRANP-IR] B, while [ICRANP-IR] B- is one notch lower than [ICRANP-IR] B.