ICRA Nepal Reaffirms Ratings for Sanima Capital, RBB Merchant Banking, Siddhartha Bank, and L.C. Energy

ICRA Nepal Limited has reaffirmed Sanima Capital Limited’s fund management quality rating as [ICRANP] AMC Quality 3+ (Asset Management Company Quality Three Plus), indicating adequate assurance on management quality. The rating does not assess statutory compliance, financial performance, or future scheme performance. ICRA Nepal rates asset management companies on a scale from AMC1 (highest assurance) to AMC5 (lowest assurance), with plus signs (+) used to indicate stronger positions within categories.

Similarly, ICRA Nepal Limited has reaffirmed RBB Merchant Banking Limited’s fund management quality rating as [ICRANP] AMC Quality 3, indicating adequate assurance on management quality. This rating does not evaluate statutory compliance, financial performance, or future scheme performance. ICRA Nepal rates asset management companies on a scale from AMC1 (highest assurance) to AMC5 (lowest assurance), with plus signs (+) indicating relatively better positions within categories.

Also, ICRA Nepal has reaffirmed Siddhartha Bank Limited’s ratings, maintaining a ‘Watch with Negative Implications.’ The issuer rating [ICRANP-IR] LBBB+ and subordinated debenture ratings indicate a moderate degree of safety in financial obligations with moderate credit risk. The rating is an opinion on general creditworthiness and not a recommendation on securities. Plus (+) and minus (-) signs indicate relative positions within rating categories.

And, ICRA Nepal has assigned an issuer rating of [ICRANP-IR] BB- to L.C. Energy Limited, indicating a moderate risk of default in timely financial obligations. The rating reflects general creditworthiness and not specific debt instruments. Plus (+) and minus (-) signs indicate relative positions within the rating categories.