Nepal has received a sovereign credit rating of ‘BB Minus’ from the international agency Fitch Ratings. While this rating places Nepal one level below India, it remains higher than that of other South Asian nations.

The rating reflects Nepal’s strong foreign currency reserves and indications of revitalised economic activity, which are expected to contribute to positive economic growth in the country.

Fitch Ratings conducted an on-site assessment in September before releasing its findings. While not an exceptional rating, experts highlight that it is neither poor. Generally, countries rated above ‘BB Minus’ are considered favourable for investment. Ratings below this fall under the speculative grade, with lower tiers indicating higher risks or potential insolvency.