ICRA Nepal reaffirms issuer rating of ICRANP-IR B- to Samriddhi Finance Company indicating high risk of default regarding timely servicing of financial obligations

ICRA Nepal Limited has reaffirmed the issuer rating of [ICRANP-IR] B- (Pronounced as ICRA NP IR B minus) assigned to Samriddhi Finance Company Limited. Issuers with this Rating are considered to have high risk of default regarding timely servicing of financial obligations.

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.