Kumari Bank's Subordinated Debentures Secured with LBBB-@ Rating by ICRA Nepal Limited

ICRA Nepal Limited has assigned a rating of [ICRANP-IR] LBBB-@ to Kumari Bank Limited's subordinated debentures amounting to NPR 3,000 million. This rating signifies that the instruments are moderately safe regarding meeting financial obligations on time, indicating a moderate credit risk.

The rating class [ICRANP-IR] AA to [ICRANP-IR] C, accompanied by a + or - sign, indicates the comparative position within the respective rating class. For example, [ICRANP-IR] BBB+ holds a higher position than [ICRANP-IR] BBB, while [ICRANP-IR] BBB- is one mark below BBB.

It's important to note that the bond rating is not a recommendation to buy, sell, or own the company's securities, and it does not provide insights into pricing or listing prices.