ICRA Nepal Reaffirms BBB- Rating for Bikash Hydropower

ICRA Nepal Limited has reaffirmed the issuer rating of Bikash Hydropower Company Limited (BHCL) at [ICRANP-IR] BBB-, also referred to as ICRA NP Issuer Rating Triple B Minus. The company continues to remain under “Watch with Negative Implication”, indicating that the rating remains subject to potential negative developments that could affect its credit profile. According to ICRA Nepal, the BBB- rating represents a moderate level of safety in terms of the company’s ability to service its financial obligations on time. The rating indicates that BHCL carries a moderate degree of credit risk, while retaining the capacity to meet its financial commitments.