ICRA Nepal Limited has given Unitech Hydropower Company Limited an issuer rating of [ICRANP-IR] B+. This rating signifies that Unitech Hydropower Company Limited carries a high risk of not meeting its financial obligations on time. It’s essential to understand that this rating is a general assessment of the company’s creditworthiness and is not […]
ICRA Nepal Limited has assigned a credit rating of [ICRANP-IR] BB (pronounced as ICRA NP Issuer Rating double B) to SY Panel Nepal Limited. This rating indicates that SY Panel Nepal Limited carries a moderate risk of not meeting its financial obligations in a timely manner. It’s important to note that this rating reflects a
Nepal Rastra Bank has reported that inflation was around 7.74 percent year-on-year. The country’s foreign exchange reserves were at USD 11.74 billion. However, both imports and exports saw declines, with imports dropping by 16.1 percent and exports decreasing by 21.4 percent. This is in contrast to the previous year when imports had increased by
In banking and finance, risk weightage is a percentage assigned to assets or loans based on how risky they are. This percentage determines how much capital a bank needs to keep aside as a safety cushion in case of losses. Higher-risk assets get higher risk weightages, meaning more capital needs to be reserved for them.
In the financial year 2079/80, the Securities Board of Nepal (SEBON) achieved a remarkable milestone by approving initial public offerings (IPOs) worth over 22 billion rupees. This surpasses the previous record set in the financial year 2077/78, when SEBON allowed IPOs worth 15 billion 18 crores. Chairman Ramesh Hamal led the effort, breaking the previous
ICRA Nepal Limited has reaffirmed the issuer rating of Mid Solu Hydropower Limited as BB+, which means they have a moderate risk of default in timely servicing of financial obligations. The rating is an overall opinion on the creditworthiness of the company and not tied to any specific debt instrument.
“NEPSE Index Surges by 47.07 Points, Closing at 2,144.16 in Today’s Trading Session” In today’s trading session, the NEPSE index showed a significant gain of 47.07 points or 2.24% compared to the previous trading day’s closing. This follows a surge of 12.16 points experienced in the index yesterday. The trading day began with the index
Himalayan Power Partner Limited (HPPL) has released its third-quarter report for the ongoing fiscal year, revealing a Net Loss of Rs. 10.43 crores. In contrast, during the same quarter of the previous fiscal year, the company had recorded earnings of Rs. 1.70 crores. HPPL reported a revenue of Rs. 26.33 crores from the sale of
Aviyan Laghubitta Bittiya Sanstha Limited (AVYAN) has recently released its third-quarter report, revealing a significant shift from profit to a Net Loss of Rs. 1.21 crores compared to the profit of Rs. 1.02 crores earned in the corresponding quarter of the previous fiscal year. The company’s core revenue source, Net Interest income, experienced a decline
Salt Trading Corporation Limited (STC) has recently published its third-quarter report for the ongoing fiscal year, revealing a nearly twofold increase in Net Profit, amounting to Rs. 3.71 crores. The company’s primary revenue source, sales, demonstrated a noteworthy growth of 17.44%, reaching Rs. 5.77 Arba. However, the selling expenses experienced a more significant surge of
