What do ICRA Nepal Rating Conveys?
ICRA Nepal’s credit ratings are symbolic representations of its current opinion on the relative credit risks associated with the rated debt obligations/issues. These ratings are assigned on a Nepalese (that is, national or local) credit rating scale for Rupee (local currency) denominated debt obligations. ICRA Nepal ratings may be understood as relative rankings of credit risk within Nepal. ICRA Nepal ratings are not designed to enable any rating comparison among instruments across countries; rather these address the relative credit risks within Nepal.