in_01
Skip Navigation Links
ABOUT ICRA
INVESTORS
CAREERS
ALUMNI
CONTACT US
Indian Tractor Industry; Industry Growth Falters as Rainfall Imbalance Dampens Sentiments        News Release; ICRA Names Naresh Takkar as CEO of Group ICRA        ICRA Limited: Unaudited Financial Results for the Third Quarter and the Nine Months ended December 31, 2014        Indian Non Ferrous Metals Industry; Price Outlook Remains Weak in the Near Term        Indian Pharmaceuticals Industry; Operating performance continues to be stable        Indian Spinning Industry; Ability to maintain capacity utilization and contribution margin continues to remain a challenge        Indian Hotel Industry; Industry Waiting Out One of The Longest Down-Cycle        Power Sector; Impact Assessment of Methodology for Floor & Reserve Price in Auction/ Allotment of Coal Blocks        Indian Automobile Industry; Passenger Vehicle and Commercial Vehicle volume trends & outlook – in view of reduction in fuel prices & changes in excise duty        Indian Retail Non Banking Finance Market; Growth and asset quality pressures persist although some signs of easing; stricter regulatory framework to improve credit profiles of over the long term       
 
Skip Navigation Links
RATINGS
GRADINGS
GUIDE TO CREDIT RATINGS
RATING/GRADING SCALE
RATING/GRADING METHODOLOGIES
CURRENT RATING LIST
SPECIAL COMMENTS
ECONOMY AND DEBT MARKET
ICRA BULLETIN: MONEY &
FINANCE
FAQs

Indian Tractor Industry; Industry Growth Falters as Rainfall Imbalance Dampens Sentiments
Indian Non Ferrous Metals Industry; Price Outlook Remains Weak in the Near Term
Indian Pharmaceuticals Industry; Operating performance continues to be stable
Indian Spinning Industry; Ability to maintain capacity utilization and contribution margin continues to remain a challenge
More...
  RATINGS SCALE FOR ISSUERS IN NEPAL

Background

ICRA has set up a joint venture in Nepal to replicate some of its rating businesses there. The company signed a Memorandum of Understanding with Himalayan Infrastructure Fund Limited (HIFL) of Nepal at Kathmandu on Monday. ICRA is holding the majority stake in the joint venture.

ICRA also announced the setting up of a representative office in the Nepalese capital and appointed Deepak Kafle as resident director to oversee its overseas operations there.


Rating Symbols for Issuers / Instruments in Nepal

The rating for issuers / instruments in Nepal is assigned on an eight-point scale developed specifically for that country, and ranges from ‘[Nepal] AAA’ to ‘[Nepal] D’. This rating scale ranks the relative default risk associated with issuers in Nepal.

ICRA Rating symbols for issuers / instruments in Nepal and their implications are as follows

[Nepal] AAA The highest-credit-quality rating relative to other domestic issuers

[Nepal] AA The high-credit-rating quality rating relative to other domestic issuers

[Nepal] A The adequate-credit-quality rating relative to other domestic issuers

[Nepal] BBB The moderate-credit- quality rating relative to other domestic issuers

[Nepal] BB The inadequate-credit-quality rating relative to other domestic issuers

[Nepal] B The risk-prone-credit-quality rating relative to other domestic issuers

[Nepal] C The poor-credit-quality rating relative to other domestic issuers

[Nepal] D The lowest-credit-quality rating relative to other domestic issuers

Note For the rating categories AA through to C, the sign of + (plus) or – ( minus) may be appended to the rating symbols to indicate their relative position within the rating categories concerned. Thus, the rating of AA+ is one notch higher that AA, while AA- is one notch lower than AA.