Kathmandu. Care Adjust Ratings Nepal has upgraded the rating of Reliable Nepal Life Insurance. Reliable Nepal Life is one of the few limited life insurers to receive such a rating.
Care Adz, approved by the Securities Board of Nepal, has upgraded the rating of Reliable Nepal Life to ‘CARE-NA Minus’. Earlier, Care Edge had given ‘Triple B Plus’ rating to Reliable Nepal Life.
Care Adz, a subsidiary of CARE Ratings India, said that the rating of Reliable Nepal Life has been upgraded to ‘A minus’ based on the operation and financial performance of FY24 and FY25. This rating will remain in place until June 10, 2026, care added.
To get an A minus rating, the company is considered sufficiently secure in terms of meeting its financial obligations on time. Such devices have low credit risk.
The improvement in the rating has further enhanced the credibility of the customers towards the company and provided more energy to provide continuous quality service to the employees and agents.
