in_01
Skip Navigation Links
ABOUT ICRA
INVESTORS
CAREERS
IN NEWS
CONTACT US
Power Sector: Flexibility in utilization of domestic coal linkage to benefit distribution utilities        Monthly Update on Apparel Exports - May 2016        Monthly Update on Cotton Yarn Production and Exports-May 2016        Indian Power Sector: Monthly Update        Telecom Sector Update; Quality of Services Impacted by Moderation in Capex; Expected to Improve Going Forward        Financial Markets & Banking Update Vol.1: FY2016-17; “Credit off-take firms up modestly on year-end demand; monsoon outturn to influence extent of consumption revival, monetary easing”        Indian Passenger Vehicle Industry;Industry to continue investing on capacity and product development; favourable macros likely to support domestic growth in FY2017        Power Sector: Reverse auction for short term power procurement to benefit distribution utilities; negative for generation entities with merchant exposure        Indian Construction Sector Key Trends and Outlook        Indian Telecom Industry; Growth momentum in subscriber base continues at a steady pace; rural subscriber growth rate slows; healthy addition in broadband subscribers       
 
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

Power Sector: Flexibility in utilization of domestic coal linkage to benefit distribution utilities
Monthly Update on Apparel Exports - May 2016
Monthly Update on Cotton Yarn Production and Exports - May 2016
Indian Power Sector: Monthly Update
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.