Sagarmatha Jalabidhyut Retains BBB- Credit Rating from ICRA Nepal
ICRA Nepal has reaffirmed Sagarmatha Jalabidhyut Company’s BBB- issuer rating while continuing its “Watch with Negative Implication” status.
Sagarmatha Jalabidhyut Company Limited (SMCJ) has retained its BBB- issuer credit rating from ICRA Nepal Limited.
ICRA Nepal has reaffirmed the company’s [ICRANP-IR] BBB- rating, pronounced “ICRA NP Issuer Rating Triple B Minus.” However, the company will continue to remain under “Watch with Negative Implication.”
The BBB- rating indicates a moderate level of safety in the company’s ability to service its financial obligations on time. It reflects a moderate level of credit risk, while also indicating that the company remains capable of meeting its financial commitments.
The continued negative watch suggests that ICRA Nepal is maintaining a cautious outlook toward the company’s credit profile and will continue to monitor developments that could affect its ability to meet its financial obligations.