ICRA Nepal Reaffirms Ratings for Citizens Capital and Nepal Reinsurance Company

ICRA Nepal Limited has reaffirmed the AMC Quality 3 (AMC3) rating for Citizens Capital Limited, indicating that the management quality of the entity is sufficiently assured. The rating does not assess the legal compliance, financial performance, or future performance of the entity.

ICRA Nepal's rating scale ranges from AMC1 to AMC5, with AMC1 representing very high management quality and AMC5 indicating poor quality. The "+" symbol in ratings AMC2, AMC3, and AMC4 signifies a relatively positive position within those categories.

Similarly, ICRA Nepal Limited has reaffirmed the [ICRANP-IR] AA- Issuer Rating for Nepal Reinsurance Company Limited, indicating that the company is highly secure in meeting its financial obligations on time, with very low credit risk.

The rating reflects the issuer's general creditworthiness, not specific to any bond. The rating scale ranges from [ICRANP-IR] AA to [ICRANP-IR] C, with "+" and "-" signs indicating the relative position within each class. [ICRANP-IR] AA+ is one notch above [ICRANP-IR] AA, while [ICRANP-IR] AA- is one notch below.