ICRA Nepal Limited has reaffirmed the issuer rating of Him Parbat Hydropower Limited (HPHL) at [ICRANP-IR] BB+, maintaining the company's existing credit rating.

The BB+ rating indicates a moderate risk of default in meeting financial obligations. The rating reflects the overall creditworthiness of the company and is not assigned to any particular debt instrument.

According to ICRA Nepal's rating scale, entities rated BB are considered to have a moderate degree of safety regarding timely servicing of financial obligations and carry moderate credit risk.

The “+” sign attached to the rating indicates that Him Parbat Hydropower's rating is positioned at the higher end of the BB category, or one notch above a standard BB rating.

The reaffirmation provides an assessment of the company's current credit profile and its ability to meet financial commitments.

Credit ratings are generally used by investors, lenders and other stakeholders to assess the financial strength and potential credit risk associated with a company.

For Him Parbat Hydropower, the reaffirmed BB+ issuer rating indicates that the company continues to maintain a moderate level of credit risk based on ICRA Nepal's assessment.

The rating applies to the company as an issuer and should not be interpreted as a rating of any specific loan, bond or other financial instrument issued by Him Parbat Hydropower.