NRN Infrastructure and Development Receives CARE-NP BBB (Is) (Triple B ( Issuer Rating)

CARE Ratings Nepal Limited has assigned the issuer rating of CARE-NP BBB (Is) [Triple B (Issuer Rating)] to NRN Infrastructure and Development Limited  on February 10, 2026. Issuers with this rating are considered to offer moderate degree of safety regarding timely servicing of financial obligations. The rating rationale highlights the company’s strength deriving from its strong promoter profile, backed by institutional promoters (~74%) including government owned entities (~27%), banks and financial institutions and NRNs. Additionally, the rating also takes into consideration experienced leadership, supported by a seasoned investment team and sound investment approval framework ensuring disciplined governance.