Standard Chartered Bank reaffirmed with AAA rating 2nd year in a row


: Investment and Credit Rating Agency (ICRA) Nepal has reaffirmed the issuer rating of to Standard Chartered Nepal Limited (SCBNL), second year in a row.

Limited, a subsidiary of ICRA Limited (ICRA) of India, is the first credit rating agency of Nepal, licensed by the Securities Board of Nepal (SEBON) on October 3, 2012.

The rating projects the highest degree of safety regarding timely servicing of financial obligations showing that the issuer carries the lowest credit risk.

In the press release issued on Wednesday, December 2, 2020, CEO of Standard Chartered Nepal, Anirvan Ghosh Dastidar said, “The reaffirmation of AAA rating is a validation of our commitment towards our clients and all our stakehold

Read the full story on The Himalayan Times

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