ICRA Nepal's Reaffirmation of [ICRANP-IR] BB Rating for Upper Tamakoshi Hydropower

ICRA Nepal Limited has reaffirmed the [ICRANP-IR] BB issuer rating for Upper Tamakoshi Hydropower Limited (UPPER). This rating suggests that the institution faces a moderate risk of failing to meet its financial obligations on time. It's essential to understand that this rating reflects the general creditworthiness of the issuer and does not pertain to any specific bond.

Within the [ICRANP-IR] rating categories, ratings range from AA to C, with a + (plus) or - (minus) sign indicating the relative position within each category. For example, [ICRANP-IR] BB+ signifies a slightly higher position than [ICRANP-IR] BB, whereas [ICRANP-IR] BB- indicates a slightly lower position.