ICRA Nepal Reaffirms Ratings for Everest Bank, Snow Rivers, and Upper Tamakoshi Hydropower

ICRA Nepal Limited has reaffirmed the [ICRANP-IR] AA- Issuer Rating for Everest Bank Limited, signifying a high level of security in fulfilling its financial obligations with minimal credit risk. This rating indicates strong general creditworthiness.

ICRA Nepal has also placed the [ICRANP-IR] BB&* Issuer Rating for Upper Tamakoshi Hydropower Limited on close watch with developing implications, indicating a moderate risk in financial obligation fulfillment.

Additionally, the rating agency assigned an [ICRANP-IR] BB- Issuer Rating to Snow Rivers Limited, reflecting a moderate risk of the company potentially failing to meet its financial commitments.

The rating scale used by ICRA ranges from [ICRANP-IR] AA to C, with plus (+) or minus (-) signs indicating relative positions within the categories.