Kathmandu. Credit rating agency ICRA Nepal has put the credit ratings of 12 companies, including Bhatbhateni Supermarket, on the watch list due to the destruction of business establishments during the Gen G movement.
Bhatbhateni Supermarket and Superstore Private Limited, CG Impex of CG Global, EOL Private Limited and IME Group’s Chandragiri Hills Limited have been included in the watch list. The rating agency will take a decision on the re-evaluation by placing it in the watch list in the first phase.
Bhatbhateni Supermarket and Departmental Store Pvt. Ltd. has been rated ADWB Plus in the rating for a bank loan of Rs 17 billion. Similarly, CG Impex Pvt. Ltd., which manufactures household appliances, has taken a loan of Rs 3.90 billion and power equipment distributor EOL has taken a loan of Rs 1.70 billion.
Chandragiri Hills has a credit rating of Rs 2.13 billion and Maulakika Cable Car Limited has a credit rating of Rs 1.42 billion.
Oriental Hotels Limited, which operates Radisson Hotel in Lazimpat, had rated a bank loan of Rs 1.80 billion for the construction of fully serviced apartments on the hotel premises.
As the risk index increases, the lending institution may have to provide additional collateral security. Apart from this, there is also the possibility of banks reducing the approved limit or pressuring the borrower to repay the loan, citing increased risk. If the risk related to the loan increases, there is a risk of losing the concession in the interest rate.
