Nepal SBI Bank receives reaffirmed ICRANP-IR AA from ICRA Nepal

Nepal SBI Bank receives reaffirmed ICRANP-IR AA from ICRA Nepal; high credit rating of the bank indicates its low credit risk

ICRA Nepal Limited has reaffirmed a [ICRANP-IR] AA (Pronounced as ICRA NP Issuer Rating Double A) Issuer Rating of Nepal SBI Bank Limited. This is the high-credit-quality Rating assigned by ICRA Nepal. The rated entity carries 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.