Nepal earns ‘BB Minus’ credit rating from Fitch Ratings, second in South Asia after India

Nepal has been assigned a sovereign credit rating of ‘BB Minus’ by Fitch Ratings, placing it just below India but ahead of other South Asian countries. This rating reflects the country’s solid foreign currency reserves and signs of revitalised economic activity, which are expected to drive positive growth.

Fitch Ratings conducted an on-site evaluation in September prior to issuing its report. Although the rating is not exceptional, experts note that it is still far from poor. Countries with ratings above ‘BB Minus’ are generally seen as more attractive for investment, while ratings below this fall under speculative grade, indicating higher risks or possible insolvency.