in_01
Skip Navigation Links
ABOUT ICRA
INVESTORS
CAREERS
ALUMNI
CONTACT US
Indian Auto Components Industry ;Trends & Outlook        Indian Spinning Industry; Ability to mantain capacity utilization and contribution margin to be a challenge for the spinning industry amid declining yarn exports        Indian Auto Components Industry;Improved revenue traction and focus on cost curtailment to support margins in FY 2015        Indian Construction Sector; On road to gradual recovery, pressures expected to continue over short term        Power Sector: In spite of some improvements, distribution loss level still remain high across many states; with all India average aggregate technical & commercial (AT&C) loss at 27%        Report on Banking Statistics; Key financial and operational statistics of the Indian banking sector extracted from ICRA’s databases, presented in a format convenient to read and understand        Indian Mortgage Finance Market :Updated for Q1, 2014-15        Impact Analysis of Gas Price Hike        Indian Retail Non Banking Finance Market: Marginal improvement in growth likely; stabilization of asset quality pressures expected only in the second half        New Gas Pricing Policy, Diesel deregulation, Policy framework for upstream, re-launch of DBTS: Credit positives for Indian oil & gas sector       
 
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 Auto Components Industry;Improved revenue traction and focus on cost curtailment to support margins in FY 2015
Indian Auto Components Industry ;Trends & Outlook
Indian Construction Sector; On road to gradual recovery, pressures expected to continue over short term
Indian Hotel industry; Update on changes to Visa regime
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.