Policy On Withdrawal of Ratings

Policy

The ratings assigned by CARE Ratings Nepal Limited (CARE Ratings) are not a one-time exercise and are kept under surveillance till the time the obligations under such securities/facilities/instruments are fully extinguished or the ratings are withdrawn. CARE Ratings may withdraw the ratings of specific instruments/facilities like bank facilities, issuer rating, and open-ended mutual fund schemes, in accordance with the relevant regulations or acts as applicable, under situations like full redemption, proposed debt rated but not placed, merger/amalgamation/liquidation, and non-cooperation from clients.

While withdrawing any outstanding credit rating including the ratings placed on notice of withdrawal, CARE Ratings shall also review the rating and reaffirm or suitably revise the rating based on the best available information before withdrawing the outstanding rating, except where there are no outstanding obligations under the security/instrument/facility rated, or the company whose security/instrument/facility is rated is wound up or merged or amalgamated with another company.

Policy on Withdrawal of Ratings