ICRA Nepal Updates Ratings: Omstone Hotels Rated B+, Vijaya Laghubitta Downgraded, Siddhartha Capital AMC3+ Reaffirmed

ICRA Nepal Limited has issued updated credit ratings for Omstone Hotels Limited, Vijaya Laghubitta Bittiya Sanstha Limited, and Siddhartha Capital Limited, reflecting recent evaluations of their financial and management quality positions.

Omstone Hotels Assigned [ICRANP-IR] B+ Rating

Omstone Hotels Limited has been assigned an issuer rating of [ICRANP-IR] B+ by ICRA Nepal.
This indicates a high risk of default in meeting financial obligations. The issuer rating evaluates the company’s overall creditworthiness and is not linked to any specific debt instrument.

The “+” sign indicates a relatively better position within the B category.

Vijaya Laghubitta Downgraded to [ICRANP-IR] B@

ICRA Nepal has downgraded Vijaya Laghubitta Bittiya Sanstha Limited’s issuer rating from [ICRANP-IR] B+@ to [ICRANP-IR] B@.
The rating remains under ‘Watch with Negative Implications’, signaling high uncertainty and elevated risk regarding the institution’s ability to meet its financial obligations.

This rating reflects the company’s general creditworthiness and is not tied to any specific debt instrument.

Siddhartha Capital’s AMC Quality 3+ Rating Reaffirmed

ICRA Nepal has reaffirmed Siddhartha Capital Limited’s Fund Management Quality Rating (FMQR) at [ICRANP] AMC Quality 3+.
The rating denotes adequate assurance regarding the company’s management quality.

The scale ranges from AMC1 (highest assurance) to AMC5 (lowest), with the “+” sign indicating a slightly stronger standing within the same category.
This rating does not comment on the company’s statutory compliance, financial performance, or the future performance of the schemes it manages.