Nabil Bank receives reaffirmed rating of ICRANP-IR AA from ICRA Nepal; rating indicates high degree of safety regarding timely servicing of financial obligations

ICRA Nepal Limited has reaffirmed a [ICRANP-IR] AA- (Pronounced as ICRA NP IR Double A Minus) Issuer Rating of Nabil Bank Limited. This rating is considered to have high degree of safety regarding timely servicing of financial obligations. Entities with this rating carry very low credit risk.

The Rating is only an opinion on the general creditworthiness of the rated entity and not specific to any particular debt instrument.

For the Rating categories [ICRANP-IR] AA through to [ICRANP-IR] C the sign of + (plus) or – (minus) may be appended to the Rating symbols to indicate their relative position within the Rating categories concerned. Thus the Rating of [ICRANP-IR] AA+ is one notch higher than [ICRANP-IR] AA, while [ICRANP-IR] AA- is one notch lower than [ICRANP-IR] AA.