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Indian Tractor Industry – Monthly Update
Monthly Update On Cotton Yarn Production And Exports: January 2017
GST on services accruing to states to be twice as high as share of service tax devolved to State Governments on every Rs. 100 of taxable services in current regime
Indian Aviation Industry: Continued Rapid Growth In Traffic And Capacity Addition; But Trouble In Store As Atf Prices Continue Its Uptrend
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  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.