ICRA Nepal Reaffirms Rating for Citizen Life Insurance Company Limited

ICRA Nepal Limited has reaffirmed the issuer rating of [ICRANP-IR] BBB (pronounced as ICRA NP Issuer Rating triple B) for Citizen Life Insurance Company Limited. This rating indicates a moderate degree of safety concerning the timely servicing of financial obligations, and issuers with this rating carry moderate credit risk.

The rating provided by ICRA Nepal is an opinion on the general creditworthiness of the rated entity and is not specific to any particular debt instrument. It should be noted that this rating does not serve as a recommendation to buy, sell, or hold securities, nor does it comment on the price or valuation of the securities issued by the company.

In ICRA Nepal's rating system, for categories ranging from [ICRANP-IR] AA to [ICRANP-IR] C, a plus (+) or minus (-) sign may be appended to the rating symbols to indicate their relative position within the rating categories. For instance, a rating of [ICRANP-IR] BBB+ is one notch higher than [ICRANP-IR] BBB, while a rating of [ICRANP-IR] BBB- is one notch lower than [ICRANP-IR] BBB.