ICRA Nepal reaffirms ratings of Sanima Bank and withdraws rating assigned to subordinated debentures following their maturity

ICRA Nepal Limited has reaffirmed the ratings of Sanima Bank Limited. ICRA Nepal has also withdrawn the rating assigned to subordinated debentures following the maturity of the instrument.

Issuers with rating of [ICRANP-IR] A and Instruments with Rating of [ICRANP] LA are considered to have adequate degree of safety regarding timely servicing of financial obligations. Such Issuers and instruments carry low credit risk. *The Rating is only an opinion on the general creditworthiness of the rated entity and not specific to any particular debt instrument. **Debenture Rating is not a recommendation to buy, sell or hold securities nor it is a comment on the price or valuation of securities issued by company. For the Rating categories AA through to 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 A+ is one notch higher than A, while A- is one notch lower than A. ICRA Nepal Limited Sunrise Bizz Park, 6th floor, Dillibazar, Kathmandu Ph: 01- 4419910/20