in_01
Skip Navigation Links
ABOUT ICRA
INVESTORS
CAREERS
ALUMNI
CONTACT US
Indian Sugar Sector; Glut in the Domestic Market, Falling Domestic and International Sugar Prices, and High Cane Costs Further Add to the Woes of Indian Sugar Mills        Solar Energy Sector; Trends & Outlook        ICRA Conference Call on Trends and Outlook in Solar Energy Sector        Indian Tyre Industry; Trends and outlook        ICRAWebinar on an Outlook for the Indian Port Sector        ICRA Outlook; Indian Ports Sector        ICRA Limited Conference Call on Iron and Steel Sector Trends and Outlook        ICRA Outlook Indian Iron & Steel Sector        Indian Tyre Industry 2015-16; Favourable Outlook on Tyre Demand; Margins to Correct to Sustainable Long Term Levels        Aggressive bidding for new CGD licenses: A credit negative over the long term for the bid winners       
 
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

ICRAWebinar on an Outlook for the Indian Port Sector
Solar Energy Sector; Trends & Outlook
Indian Sugar Sector; Glut in the Domestic Market, Falling Domestic and International Sugar Prices, and High Cane Costs Further Add to the Woes of Indian Sugar Mills
ICRA Outlook; Indian Ports Sector
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.