ICRA Nepal Updates Ratings: Doodhpokhari Chepe and Peoples Energy Assigned Moderate Ratings, Laughing Buddha Power Downgraded

ICRA Nepal Limited has released updated issuer ratings for three hydropower companies — Doodhpokhari Chepe Hydropower Limited, Peoples Energy Limited, and Laughing Buddha Power Nepal Limited — reflecting their current credit risk levels and financial positions.

Doodhpokhari Chepe Hydropower Assigned [ICRANP-IR] BB Rating

ICRA Nepal has assigned a [ICRANP-IR] BB issuer rating to Doodhpokhari Chepe Hydropower Limited.
This rating indicates a moderate risk of default in meeting financial obligations.

The rating evaluates the company's overall creditworthiness and is not linked to any specific debt instrument. Within the BB category, a “+” or “–” sign reflects a relatively stronger or weaker position.

Peoples Energy Limited Reaffirmed at [ICRANP-IR] BB-

ICRA Nepal has reaffirmed the issuer rating of Peoples Energy Limited at [ICRANP-IR] BB-, signaling a moderate level of credit risk.

The “–” sign indicates a relatively weaker standing within the BB category.
This rating also reflects general creditworthiness and does not apply to any particular debt instrument.

Laughing Buddha Power Downgraded to [ICRANP-IR] D

ICRA Nepal has downgraded Laughing Buddha Power Nepal Limited’s issuer rating from [ICRANP-IR] C+ to [ICRANP-IR] D.
The D rating indicates that the company is in default or highly likely to default on its financial obligations.

The rating is also tagged with “Issuer Not Cooperating”, implying that the company failed to provide the necessary information for evaluation. Additionally, the rating has been placed on notice for withdrawal, meaning it may be removed in the near future.