CARE Ratings Nepal Information

CARE Ratings Nepal Limited (CRNL) is incorporated in Kathmandu, Nepal and is the second credit rating agency to belicensed by the Securities Board of Nepal w.e.f. November 16, 2017. CRNL will provide credit ratings and related services inthe geography of Nepal. As on December 01, 2017, CRNL's major shareholders are CARE Ratings Limited, India (CARE Ratings), Vishal Group Limited, Emerging Nepal Limited, Nepal Reinsurance Company Limited, Global IME Bank Limited, Prudential Insurance Company Ltd. and Life Insurance Corporation Nepal Ltd. The majority shareholding is with CARE Ratings. CARE Ratings Limited (formerly known as Credit Analysis and Research Ltd.) has almost 25 years of track record in providing high quality credit rating and related services in India. With the rating volume of debt of more than 1 trillion USD, CARE Ratings is proud of its rightful place in the Indian capital market built around investor confidence. CRNL will get technical support in the areas such as rating systems and procedures, methodologies, etc. from CARE Ratings on an ongoing basis. The technical support shall ensure that CRNL has adequate resources to provide high quality credit opinions in Nepal. CRNL has constituted its Rating Committee with members comprising officials from CARE Ratings, India. In Nepal, CRNL will provide ratings for various instruments such as bonds, debentures, Commercial Paper, bank deposits, structured finance and other debt instruments besides grading to Initial Public Offer, Follow on Public Offer, Rights Issue and ratings for the bank facilities including term loans, working capital limits, non-funded exposures (guarantees / Letter of credits) etc. CRNL will also cover rating of issuers including insurance companies, Asset Management Companies and SMEs. To be a respected company that provides best - in its field - quality and value added services.