Nabil's credit rating

KATHMANDU: Nabil Bank has been assigned (ICRANP-IR) AA- Rating by ICRA Nepal Ltd, a subsidiary of ICRA Ltd, a Moody's Investors Service company. As per ICRA Nepal, the entities with (ICRANP-IR) AA- rating are considered as high-credit quality rating assigned by ICRA Nepal and the rated entity carries low credit risk, as per a media release issued on Friday. As per ICRA Nepal, they have assessed that the assigned rating takes into account the bank's good market position emanating from its long track record and good franchise, its healthy profitability, adequate capitalisation and comfortable solvency profile. The rating also factors in Nabil's diversified earnings profile, low cost of funds supported by healthy deposit profile and experienced management team. "We believe this is one of the highest credit ratings assigned to any company in Nepal till date," the release adds.