ICRA Nepal Removes Agricultural Development Bank Limited from Negative Watch, Reaffirms Ratings
Wed, Oct 2, 2024 9:12 AM on Latest, Corporate, Credit Rating,
Icra Nepal Limited has removed the ratings of Agricultural Development Bank Limited from close monitoring with negative implications. The bank's issuer rating of [ICRANP-IR] A and its subordinated debenture rating of [ICRANP] LA have both been reaffirmed.
These ratings indicate the bank's strong ability to meet financial obligations on time with low credit risk. However, the ratings are only an opinion on the issuer's general creditworthiness and not a recommendation for any specific bond or security.
