ICRA Nepal Limited has assigned Omstone Hotels Limited an issuer rating of [ICRANP-IR] B+, indicating a high risk of default in meeting financial obligations. The rating reflects the company’s overall creditworthiness and is not linked to any specific debt instrument. The “+” or “–” sign denotes relative standing within the category, with B+ being stronger and B– being slightly weaker.

Similarly, ICRA Nepal has downgraded the issuer rating of Vijaya Laghubitta Bittiya Sanstha Limited from [ICRANP-IR] B+@ to [ICRANP-IR] B@, while keeping the rating on ‘Watch with Negative Implications’. The updated rating also indicates a high risk of default and reflects general creditworthiness rather than any specific debt instrument.

ICRA Nepal has also reaffirmed the Fund Management Quality Rating (FMQR) of Siddhartha Capital Limited at [ICRANP] AMC Quality 3+, indicating adequate assurance regarding the company’s management quality. The rating does not comment on regulatory compliance, financial performance, or the future performance of the schemes it manages. FMQR ratings range from AMC1 (highest assurance) to AMC5 (lowest), with a “+” sign indicating a stronger position within the category.