Icra Provide Grade 2 for Nepal Re- Insurance IPO

Kathmandu, June 28 . ICRA Nepal Limited has assigned a [ICRANP] IPO Grade 2 (Pronounced as ICRA NP IPO Grade Two) to the Rs.1,600.00 million Initial Public Offer of Nepal Re- Insurance Company Limited. Instruments with this grading are considered to have above-average fundamentals.

ICRA Nepal assigns grading on a scale of Grade 1 through Grade 5, with Grade 1 indicating strong fundamentals and Grade 5 indicating poor fundamentals. For the Grading categories 2, 3 and 4, the sign of + (plus) indicates their relative better position within the Grading categories concerned. 

IPO Grade is not a recommendation to buy, sell or hold securities nor it is a comment on the price or valuation of securities.