Nepal has been awarded a ‘BB Minus’ sovereign credit rating by Fitch Ratings, ranking it second in South Asia, just below India, and ahead of other nations in the region.
The rating highlights Nepal’s robust foreign currency reserves and signs of economic recovery, which are expected to support the country’s growth prospects.
Fitch Ratings conducted an on-site evaluation in September before issuing its report. While a ‘BB Minus’ rating isn’t considered exceptional, experts point out that it is far from poor. Countries with ratings above ‘BB Minus’ are typically seen as attractive for investment, whereas lower ratings fall into the speculative category, often indicating higher financial risks or potential insolvency.
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