ICRA Nepal Upgrades Shikhar Insurance Rating, while Standard Chartered Bank Reaffirms AAA

ICRA Nepal Limited has upgraded the issuer rating of Shikhar Insurance Company Limited from [ICRANP-IR] A+ to [ICRANP-IR] AA-. This new rating indicates a high degree of safety in meeting financial obligations and reflects very low credit risk. The “+” or “–” signs in ratings denote relative positions within the same rating category.

Similarly, ICRA Nepal Limited has reaffirmed the [ICRANP-IR] AAA rating for Standard Chartered Bank Nepal Limited, indicating the highest level of safety in meeting financial obligations and the lowest credit risk. This rating reflects overall creditworthiness, not tied to any specific debt instrument.