Kathamndu, April 24. ICRA Nepal Limited has assigned [ICRANP] LA (Pronounced as ICRA NP L A) Rating to the Rs. 2,500.00 million Subordinated Debenture Programme (10% NBL Debenture 2083) of Nepal Bank Limited.
Instruments with this rating are considered to have adequate degree of safety regarding timely servicing of financial obligations. Such instruments carry low credit risk.
Debenture Rating is not a recommendation to buy, sell or hold securities nor it is a comment on the price or valuation of securities issued by company.
Note: +/- signs indicates their relative position within the Rating category concerned by one notch higher/lower.