Fitch Credit Rating Team Visits Nepal for Sovereign Credit Rating Evaluation

A team from Fitch Credit Rating Company, visiting Nepal for the country's sovereign credit rating evaluation, met with Deputy Prime Minister and Finance Minister Bishnu Prasad Paudel.

Key Points of the Meeting:

• Finance Minister's Perspective:

  • Finance Minister Paudel expressed the belief that the credit rating would play a crucial role in fostering economic development and creating a favorable business environment in Nepal.

  • He stated that, upon completion of the credit rating, there would be a more conducive environment for investors to invest in various sectors, including infrastructure.

• Team's Interests:

  • The Fitch Credit Rating team showed interest in matters such as revenue mobilization, capital expenditure, public debt, and the mobilization of foreign aid in Nepal.

Conclusion:

The visit by the Fitch Credit Rating team is expected to significantly contribute to Nepal's economic development, improvement in the investment climate, and enhancement of Nepal's international reputation. This credit rating assessment will make Nepal more credible and attractive to global investors.