Seed Energy Limited Receives Upgraded Issuer Rating from ICRA Nepal

ICRA Nepal has recently upgraded the issuer rating of Seed Energy Limited from "[ICRANP-IR] BB-" (ICRA NP Issuer Rating Double B Minus) to "[ICRANP-IR] BB" (ICRA NP Issuer Rating Double B). This upgrade reflects a moderate risk of default concerning the timely servicing of financial obligations.

The rating, effective until December 23, 2025, will undergo an annual review or a re-evaluation if deemed necessary due to significant changes in the company's circumstances. The assessment indicates the general creditworthiness of Seed Energy Limited but does not specifically apply to any individual debt instrument.

Key Details:

1. Moderate Default Risk: The "[ICRANP-IR] BB" rating signifies that the company holds a moderate risk of default in meeting its financial commitments on time.

2. Review Schedule: The rating is valid for one year but is subject to revision, suspension, or withdrawal if new information or unforeseen circumstances arise.

3. Obligations of the Rated Entity:

a) Seed Energy Limited must notify ICRA Nepal of any delays or defaults in debt repayment, along with developments impacting its debt-servicing capacity.
b) The company is also required to report if its borrowing exceeds prescribed regulatory limits.

ICRA Nepal emphasized that this rating does not serve as a recommendation to buy, sell, or hold securities issued by Seed Energy Limited. Instead, it provides a professional opinion on the company's overall creditworthiness.

Seed Energy Limited has been advised to maintain clear communication with ICRA Nepal regarding any financial changes or plans that may influence its debt repayment ability. For further clarifications or assistance, ICRA Nepal has extended its support to the company.