ICRA Nepal Limited has reaffirmed the AMC Quality 3 (AMC3) rating for Citizens Capital Limited, indicating adequately assured management quality. The rating, ranging from AMC1 (highest) to AMC5 (lowest), does not assess legal compliance, financial performance, or future outcomes. A “+” denotes a relatively better position within certain categories.
Similarly, ICRA Nepal reaffirmed the [ICRANP-IR] AA- Issuer Rating for Nepal Reinsurance Company Limited, reflecting high financial security and minimal credit risk. The rating, spanning [ICRANP-IR] AA (strongest) to [ICRANP-IR]C (weakest), includes “+” and “-” to indicate relative standing within a category.
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About: ICRA Nepal Limited
ICRA Nepal Limited, established in 2011, is Nepal’s first credit rating agency and a subsidiary of India’s ICRA Limited. Licensed by the Securities Board of Nepal (SEBON) in 2012, it provides credit ratings for rupee-denominated debt instruments and issuer ratings assessing entities’ general creditworthiness. Supported by ICRA Limited through a Technical Support Services Agreement, ICRA Nepal leverages international expertise in methodologies, research, and training, ensuring high standards and contributing to transparency in Nepal’s financial markets.
