ICRA Nepal Upgrades Himalayan Hydropower Limited's Issuer Rating

ICRA Nepal Limited has recently upgraded the issuer rating of Himalayan Hydropower Limited from [ICRANP-IR] B+ to [ICRANP-IR] BB-. This rating indicates that the company now holds a moderate risk level in terms of meeting its financial obligations on time.

The upgrade reflects ICRA Nepal's assessment of Himalayan Hydropower Limited's improved creditworthiness within its rating class. Ratings from [ICRANP-IR] AA to [ICRANP-IR] C are accompanied by a + or - sign to indicate their relative position within the respective class. In this case, [ICRANP-IR] BB+ stands one notch above [ICRANP-IR] BB, while [ICRANP-IR] BB- is one notch below [ICRANP-IR] BB.

It is important to note that this rating pertains to the general creditworthiness of the issuer and does not provide specific opinions on individual bonds or financial products.

This upgrade underscores ICRA Nepal's commitment to providing transparent and insightful credit assessments, assisting investors and stakeholders in making informed decisions regarding Himalayan Hydropower Limited's financial instruments.