October 16: The Nepal Electricity Authority (NEA) has once again received the 'Double A Plus' credit rating. ICRA Nepal Ltd, a credit rating agency in Nepal, has granted the 'ICRA NP Double A Plus' to the NEA, the state-owned entity.    
The recipients of this rating are considered to have a high degree of safety regarding timely servicing of financial obligations. They carry very low credit risk.    
The financial status of NEA, assets, business and financial risks, managerial capacity, internal and external environmental factors affecting operational effectiveness were assessed by the ICRA Nepal before assigning an issuer rating of Double A Plus to the organisation.    
Credit ratings serve as a tool for assessing the creditworthiness of both individuals and organizations and for expressing opinion. They provide opinions on an entity's ability to meet its debt obligations, presenting a clear and simple indicator about related financial risks. According to ICRA Nepal, the rating is only an opinion on the general creditworthiness of the rated entity and is not specific to any debt instrument.          
NEA Managing Director Kulman Ghising said the NEA has bagged the 'Double A Plus' credit rating from among the public entities, presenting its high-level of capacity to bear financial obligations. -- RSS