ICRA Nepal Limited has reaffirmed the issuer rating of Upper Tamakoshi Hydropower Limited (UTHL) at [ICRANP-IR] D, indicating that the company is either currently in default or is likely to default on its financial obligations in the near term.
At the same time, the rating agency has removed the company from the “Issuer Not Cooperating” category, suggesting that the company has now provided the necessary information required for the rating review process.
According to ICRA Nepal, the issuer rating reflects the overall creditworthiness of Upper Tamakoshi Hydropower Limited and is not tied to any specific debt instrument or borrowing facility. The reaffirmation of the D-grade rating highlights the significant financial challenges facing the company and signals a very high level of credit risk.
A rating of [ICRANP-IR] D is assigned to entities that are either already in default on their financial commitments or are expected to face difficulties in meeting those obligations. Such ratings are closely monitored by investors, lenders, and other stakeholders as they provide an assessment of a company's ability to service its debt and maintain financial stability.
Upper Tamakoshi Hydropower Limited, the developer and operator of the 456 MW Upper Tamakoshi Hydroelectric Project, has faced various operational and financial pressures in recent years. The latest rating action underscores the continued challenges confronting the company despite its strategic importance within Nepal’s hydropower sector.
The removal from the “Issuer Not Cooperating” category, however, indicates improved communication and information sharing between the company and the rating agency, allowing for a more comprehensive assessment of its current financial position.
Investors and market participants are expected to closely monitor the company’s future financial performance, debt servicing capacity, and operational developments as it works to address its existing challenges and strengthen its financial health.
Latest Business, Economy & Capital Market News
Marriott And CG Corp Global Partner For Three Luxury Hotels
Marriott International and CG Corp Global have signed an agreement to develop three luxury hotel properties across Nepal and India, expanding premium hospitality offerings in the region.
Vinod Chaudhary Highlights Benefits Of Marriott Partnership
Vinod Chaudhary stated that the partnership with Marriott is expected to strengthen Nepal’s hospitality industry, attract international tourists, and create new investment opportunities.
IMF Approves Final Review Of Nepal Support Program
The International Monetary Fund has approved the final review of Nepal’s economic support program, unlocking approximately NPR 6.5 billion in financial assistance.
Mahila Laghubitta Opens Promoter Share Auction
Mahila Laghubitta Bittiya Sanstha Limited has opened an auction of 84,537 promoter shares to the general public and eligible investors.
National ID Number Mandatory For New Demat Accounts
From Shrawan 1, Nepal will require a National ID Number for opening new Demat accounts, aiming to strengthen investor identification and improve regulatory compliance.
Social Security Fund Contributions Cross NPR 111 Billion
Social Security Fund has reported contributions exceeding NPR 111 billion, while increasingly directing investments toward energy, infrastructure, and long-term development projects.
World Food Safety Day Highlights Health Risks
World Food Safety Day has drawn attention to the health and economic risks associated with contaminated food, emphasizing the importance of food safety standards worldwide.
Drones Revolutionize Mount Everest Logistics
Drone technology is helping reduce risks for Sherpa guides by transporting supplies and equipment on Mount Everest, improving efficiency and safety in high-altitude expeditions.
Nepal's Development Spending Crisis Raises Concerns
Low capital expenditure and delays in project execution continue to raise concerns about government efficiency and Nepal’s ability to accelerate infrastructure development.
Nepal Envisions Borderless Digital Economy
Experts and policymakers are discussing a future model centered on digital services, borderless commerce, and weightless trade as a pathway toward long-term economic transformation.
India Records Strong 7.8% Economic Growth
India posted strong economic growth of 7.8 percent in the final quarter, demonstrating resilience despite global economic uncertainties and market volatility.
CIB Recommends Prosecution In Insurance Share Scandal
The Central Investigation Bureau has recommended prosecution against 40 individuals linked to an insurance share market scandal, though several important questions surrounding the case remain unresolved.
Wealth Orbit Center – Global Markets & Investment Resources
🌍 Official Platform
Financial News
Global Company Rankings
🇺🇸 🔗 Largest Companies in USA – Live Price & Chart
🇨🇳 🔗 Largest Companies in China – Market Cap Rankings
🇦🇺 🔗 Largest Companies in Australia – Live Price & Chart
🇨🇦 🔗 Largest Companies in Canada – Live Price & Chart
🇧🇷 🔗 Largest Companies in Brazil – Live Price & Chart
🇦🇷 🔗 Largest Companies in Argentina – Live Price & Chart
🇨🇱 🔗 Largest Companies in Chile – Live Price & Chart
🇨🇴 🔗 Largest Companies in Colombia – Live Price & Chart
🇦🇹 🔗 Largest Companies in Austria – Live Price & Chart
🇨🇾 🔗 Largest Companies in Cyprus – Market Cap Rankings
🇨🇿 🔗 Largest Companies in Czech Republic – Market Cap Rankings
🇩🇰 🔗 Largest Companies in Denmark – Market Cap Rankings
🇪🇬 🔗 Largest Companies in Egypt – Market Cap Rankings
🇻🇳 🔗 Largest Companies in Vietnam – Market Cap Rankings
Live Market Tools
🪙 🔗 Cryptocurrency Price & Chart Screener
📊 Wealth Orbit Center provides global stock rankings, market-cap data, live charts, crypto tracking, forex tools, investing resources, and financial market coverage from around the world.