in_01
Skip Navigation Links
ABOUT ICRA
INVESTORS
CAREERS
ALUMNI
CONTACT US
Conference Call on Trends and Sector Outlook for the Indian Commercial Vehicle Industry        Power Sector; Aggressive bidding seen in the first two rounds of coal mine auctions to result into a significant under-recovery in fuel cost for the winning bidders        Indian Refining and Marketing Sector; Key Trends and Outlook        Indian Commercial Vehicle Industry; Trends & Outlook        Indian Passenger Vehicle Industry; New product launches and improved customer sentiments support growth momentum        Indian Oil and Gas Sector – Upstream; Low crude oil prices to have material impact on the profits of upstream oil companies in FY16; lack of clarity on under-recovery sharing burden a key concern for PSU upstream companies        Indian Oil & Gas Sector- Refining & Marketing; Despite recovery in Q4, significant inventory valuation losses in Q3 to weigh on the profits of refining companies in FY15        Wholesale Price Index February 2015; WPI inflation prints below expectations at series low -2.1% in February 2015; core inflation marginal at 0.1%        Indian Automobile Industry; Most segments witnessing demand uptick barring Tractors and Motorcycles        Consumer Price Index February 2015; CPI inflation rises to 5.4% in February 2015, in line with expectations, driven by an uptick in food inflation       
 
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

Conference Call on Trends and Sector Outlook for the Indian Commercial Vehicle Industry
Power Sector; Aggressive bidding seen in the first two rounds of coal mine auctions to result into a significant under-recovery in fuel cost for the winning bidders
Indian Refining and Marketing Sector; Key Trends and Outlook
Indian Commercial Vehicle Industry; Trends & Outlook
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.