ICRA Nepal's Latest Ratings: NMB Capital, Bhugol Energy, and Sanima Bank

ICRA Nepal Limited has reaffirmed the Fund Management Quality Rating (FMQR) of "AMC Quality 2" for NMB Capital Limited, indicating high assurance of its management quality. The rating scale ranges from AMC1 (highest assurance) to AMC5 (poor assurance). The rating does not comment on statutory compliance, financial performance, or future scheme performance. Additionally, ratings 2, 3, and 4 may have a "+" sign to indicate a higher position within their respective categories.

Similarly, ICRA Nepal Limited has upgraded Bhugol Energy Development Company Limited's issuer rating from "C+" (Issuer Not Cooperating) to "B-" and removed it from the 'Issuer Not Cooperating' category. The "B-" rating indicates a high risk of default in timely financial obligations. The rating reflects the company's general creditworthiness, not specific debt instruments, and may include "+" or "-" signs to indicate relative positions within the rating categories.

ICRA Nepal Limited has reaffirmed Sanima Bank Limited's ratings, maintaining the "Watch with Negative Implications" status. The issuer rating is "[ICRANP-IR] A-" and the subordinated debenture ratings are "[ICRANP] LA-" for amounts of NPR 1,355 million and NPR 3,052 million. These ratings indicate adequate safety for timely financial obligations, with low credit risk. The ratings reflect the bank's general creditworthiness and do not pertain to specific debt instruments or their market value.