Welcome to ICRA Nepal
enhancing business value through intellectual leadership
ICRA Nepal Limited (ICRA Nepal), the first Credit Rating Agency in Nepal, is a Subsidiary of ICRA Limited (ICRA) of India. It was incorporated on November 11, 2011 and granted licence by the Securities Board of Nepal (SEBON) on October 3, 2012.
ICRA Nepal is supported by ICRA Limited through a Technical Support Services Agreement, which envisages ICRA helping ICRA Nepal in such areas as rating process & methodologies, analytical software, research, training, and technical & analytical skill augmentation.
More »Our Services
Rating Services ICRA Nepal rates rupee denominated debt instruments issued by commercial banks, financial institutions, non-banking finance companies, public sector undertakings, and manufacturing and service companies, among others.
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GradingsThe Grading Services offered by ICRA Nepal employ pioneering concepts and methodologies, and include Grading of Initial Public Offers (IPOs).
More »Our Methodology
Our MethodologyICRA Nepal considers all relevant factors that have a bearing on the future cash generation of the issuer. These factors include: industry characteristics, competitive position of the issuer, operating efficiency, management quality, commitment to new projects and other associate companies, and funding policies of the issuer.
A detailed analysis of the past financial statements is made to assess performance under "real world" business dynamics. Estimates of future earnings under various sensitivity scenarios are drawn up and evaluated against the claims and obligations that require servicing over the tenure of the instrument being rated.
More »Recent Releases
(From ICRA Nepal)
- Buddhabhumi Nepal Hydropower Company Limited: [ICRANP-IR] BB- and [ICRANP] LBB-/A4 Ratings Assigned
- ICRA Nepal comments on Nepal Rastra Bank’s Monetary Policy for FY 2020-21.
- Pathibhara Steel Industries Private Limited: [ICRANP] LBB/A4+Ratings Reaffirmed. Remains under watch with negative implications.
- Palpa Cement Industries Private Limited: Ratings reaffirmed; watch with negative implications removed
- Liberty Energy Company Limited: [ICRANP] LBB-/A4 Ratings reaffirmed
- Rating of [ICRANP-IR] AA- for issuer rating and [ICRANP] LAA- for subordinated debentures of Nabil Bank Limited reaffirmed
- HYM Consult Private Limited: [ICRANP] LB+/A4 Rating Reaffirmed.
- Rating of [ICRANP] LA+ reaffirmed to subordinated bond of Everest Bank Limited.