ICRA Nepal’s Critical Update: Maruti Cements & Lumbini Bikas Bank Under Negative Watch

ICRA Nepal Limited has reaffirmed the Issuer Rating of [ICRANP-IR] BBB@ for Maruti Cements Limited, maintaining a ‘Watch with Negative Implications.’ This rating indicates a moderate degree of safety regarding timely financial obligations but also signifies moderate credit risk.

The ‘@’ symbol denotes that the rating is under watch due to potential negative developments. The rating reflects the general creditworthiness of the company rather than any specific debt instrument. In ICRA’s rating system, BBB+ is one notch higher than BBB, while BBB- is one notch lower.

Similarly, ICRA Nepal Limited has reaffirmed the [ICRANP-IR] BB@ issuer rating for Lumbini Bikas Bank Limited, maintaining a ‘Watch with Negative Implications.’ This rating indicates a moderate risk of default in meeting financial obligations.

The ‘@’ symbol signifies that the rating remains under watch due to potential negative developments. The rating reflects the bank’s overall creditworthiness rather than any specific debt instrument. In ICRA’s rating system, BB+ is one notch higher than BB, while BB- is one notch lower.