in_01
Skip Navigation Links
ABOUT ICRA
INVESTORS
CAREERS
ALUMNI
CONTACT US
Indian Spinning Industry; Sustainability of export demand and CCI’s behavior on release of cotton while ensuring sufficient availability at competitive rates to be seen        Indian Construction and Infrastructure Sector; Revival expected with measures to ease project funding; Initiatives like InvIT are long term positive and can revive private sector participation        Indian Road Sector; Hybrid annuity model could provide necessary impetus for next wave of PPP road projects; prevailing low WPI is a cause for concern for operational toll roads        Indian Gold Jewellery Retail Industry; Rollback of restrictions on import and bank funding amidst improving business environment are key positives        Indian Brokerage Industry; Industry on its way to recovery; Rise in retail participation remains the key        Indian Mortgage Finance; Market Update for 9M, 2014-15; Performance Review of Housing Finance Companies and Industry Outlook        Wholesale Price Index March 2015; WPI inflation prints at series low -2.3% in March 2015; with core inflation at sub-zero levels after 65 months        Indian Sugar Sector; Surplus Sugar Scenario in Domestic and International Markets to Stress Pricing and Profitability of Indian Sugar Mills        NBFC-Micro Finance Institutions; higher per-borrower lending limit holds growth promise, but prudent credit appraisal key to long-term profitability        Indian Pharmaceuticals Industry; Lack of new product approvals along with competitive pressures in the US and currency headwinds in EMs impacts operating performance       
 
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 Spinning Industry; Sustainability of export demand and CCI’s behavior on release of cotton while ensuring sufficient availability at competitive rates to be seen
Indian Jewellery Industry “Discussion on the Recent Trends and Outlook for the Indian Gold Jewellery Retail Industry Conference Call – transcript
Indian Road Sector; Hybrid annuity model could provide necessary impetus for next wave of PPP road projects; prevailing low WPI is a cause for concern for operational toll roads
Indian Brokerage Industry; Industry on its way to recovery; Rise in retail participation remains the key
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.