ICRA Nepal Upgrades Hilton Hydro and Snow Rivers Ratings; Reaffirms Star Micro Insurance Rating

ICRA Nepal Limited has upgraded the issuer ratings of Hilton Hydro Energy Limited and Snow Rivers Limited, while reaffirming the rating of Star Micro Insurance Company Limited.

The rating agency has upgraded Hilton Hydro Energy Limited’s issuer rating from [ICRANP-IR] BB- to [ICRANP-IR] BB+, reflecting an improvement in the company’s credit profile. The new rating indicates a moderate risk of default in meeting financial obligations. The “+” and “–” symbols represent relative strength within the same rating category.

Similarly, the issuer rating of Star Micro Insurance Company Limited has been reaffirmed at [ICRANP-IR] BB-, suggesting that the company continues to carry a moderate level of risk in meeting its financial commitments. ICRA clarified that the rating reflects the company’s overall creditworthiness rather than any specific debt instrument.

Likewise, Snow Rivers Limited has also received an upgrade in its issuer rating from [ICRANP-IR] BB- to [ICRANP-IR] BB+, indicating a stronger financial standing and improved credit profile.

According to ICRA Nepal, these ratings reflect each company’s financial stability, cash flow strength, and debt-servicing capacity. The upgraded ratings are expected to enhance investor confidence and credibility in the respective companies.