ICRA Nepal Withdraws BB+ "Issuer Not Cooperating" Rating for Arun Kabeli Power Limited

ICRA Nepal Limited has officially withdrawn the BB+ "Issuer Not Cooperating" rating previously assigned to Arun Kabeli Power Limited. The withdrawal comes as a result of non-cooperation from the company.

Before the rating was withdrawn, it had been placed on a notice of withdrawal for six months. The decision to withdraw the rating was ultimately made due to the company's lack of engagement with the rating agency during this notice period.

This development underscores the importance of cooperation between companies and rating agencies in maintaining transparent and accurate credit assessments.