ICRA Nepal's Rating Upgrade: Super Madi Hydropower Moves Up to BB+

ICRA Nepal Limited has upgraded Super Madi Hydropower Limited's issuer rating from [ICRANP-IR] BB to [ICRANP-IR] BB+. This signifies a moderate risk of meeting financial obligations on time. However, it's essential to note that the rating is a general creditworthiness opinion and not specific to any bonds.

The addition or subtraction of a plus or minus sign after the rating class indicates the comparative position within the respective class. Therefore, [ICRANP-IR] BB+ is one level above [ICRANP-IR] BB, while [ICRANP-IR] BB- is one level below [ICRANP-IR] BB.