ICRA Nepal Limited has assigned a [ICRANP-IR] BB issuer rating to Doodhpokhari Chepe Hydropower Limited, indicating a moderate risk of default in meeting financial obligations. The rating reflects the company’s overall creditworthiness and is not tied to any specific debt instrument. In this category, a “+” or “–” symbol denotes relative standing, with BB+ being higher and BB– lower.

ICRA Nepal has also reaffirmed the issuer rating of Peoples Energy Limited at [ICRANP-IR] BB-, similarly indicating a moderate default risk. This rating also reflects the company’s general credit profile rather than any particular debt instrument.

Additionally, ICRA Nepal has downgraded Laughing Buddha Power Nepal Limited from [ICRANP-IR] C+ to [ICRANP-IR] D (Issuer Not Cooperating), signaling that the company is in default or at high risk of imminent default. The rating reflects its overall creditworthiness and is not linked to any specific debt instrument. The company has also been placed on notice for withdrawal.