Right share terror persists in sharemarket; Api Power Company’s massive Rs 2.26 arba worth of right issuance receives below-average fundamentals from ICRA Nepal
Sun, Feb 10, 2019 10:22 AM on Credit Rating, Latest,
ICRA Nepal Limited has assigned a [ICRANP] IPO Grade 4 (Pronounced as ICRA NP IPO Grade Four) to the Rs.2.26 arba worth of 200% Rights Issue of Api power Company Ltd. Instruments with this grading are considered to have below-average fundamentals.
ICRA Nepal assigns grading on a scale of Grade 1 through Grade 5, with Grade 1 indicating strong fundamentals and Grade 5 indicating poor fundamentals. For the Grading categories 2, 3 and 4, the sign of + (plus) indicates their relative better position within the Grading categories concerned.
IPO Grade is not a recommendation to buy, sell or hold securities nor it is a comment on the price or valuation of securities.
