ICRA Nepal upgrades Issuer Rating of Nepal Investment Bank to ICRANP-IR A+ from ICRANP-IR A

ICRA Nepal Limited has upgraded the Issuer Rating of Nepal Investment Bank from [ICRANP-IR] A (Pronounced as ICRA NP Issuer Rating A) to [ICRANP-IR] A+ (Pronounced as ICRA NP Issuer Rating A Plus). This is the adequate-credit-quality Rating assigned by ICRA Nepal.

The rated entity carries average credit risk. Issuer Rating A+ is one notch higher than A. The Rating is only an opinion on the general creditworthiness of the rated entity and not specific to any particular debt instrument. The rating has been removed from “rating watch with negative implications”

For the Rating categories [ICRANP-IR] AA through to [ICRANP-IR] 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 [ICRANP-IR] A+ is one notch higher than [ICRANP-IR] A, while [ICRANP-IR] A- is one notch lower than [ICRANP-IR] A.