{"id":259275,"date":"2025-06-25T22:10:48","date_gmt":"2025-06-25T16:25:48","guid":{"rendered":"https:\/\/insurancekhabar.com\/buddha-air-gets-a1-rating-for-short-term-banking-loan-purposes-2\/"},"modified":"2025-06-25T22:10:48","modified_gmt":"2025-06-25T16:25:48","slug":"buddha-air-gets-a1-rating-for-short-term-banking-loan-purposes-2","status":"publish","type":"post","link":"https:\/\/english.insurancekhabar.com\/buddha-air-gets-a1-rating-for-short-term-banking-loan-purposes-2\/","title":{"rendered":"Buddha Air gets &#8216;A1&#8217; rating for short-term banking loan purposes"},"content":{"rendered":"<p>Kathmandu. Buddha Air Pvt. Ltd., a private sector air service provider, has upgraded the rating for banking loans from ICRA Nepal Limited. <\/p>\n<p>Buddha Air has received &#8216;A1&#8217; rating for short-term banking loan facility and &#8216;LA&#8217; rating for long-term loan. <\/p>\n<p>According to Buddha Air, the bank was rated &#8216;A2&#8217; for short-term loan purposes and &#8216;LA minus&#8217; for long-term loans. <\/p>\n<p><div dir=\"auto\">Buddha Air is a leading company in the domestic air service sector. The 28-year-old airline has been operating 19 ATR aircraft to operate flights back home and to Benares in India. <\/div>\n<\/p>\n<p>Although the rating for banking loan purposes is <\/p>\n<div dir=\"auto\">, Buddha Air claims that this rating will prove that the company meets global standards regarding operations and safety needs. <\/div>\n<\/p>\n<p><div dir=\"auto\"><\/div>\n<\/p>\n<p>ICRA Nepal, TAG_OPEN_div_18 however, did not issue a press release regarding the credit rating of Buddha Air. <\/p><\/div>\n<\/p>\n<p><div dir=\"auto\"><\/div>\n<\/p>\n<p>According to the provisions TAG_OPEN_div_16 of Nepal Rastra Bank, companies with banking loans of more than Rs 500 million must get credit rating through a rating agency recognized by the Securities Board. The loan must be compulsorily rated each year while consuming it. <\/p><\/div>\n<\/p>\n<p><div dir=\"auto\"><\/div>\n<\/p>\n<p><div dir=\"auto\"><\/div>\n<\/p>\n<p>Under the credit rating, TAG_OPEN_div_13 the rating agency evaluates financial strength on the basis of the size of the company&#8217;s turnover, expansion trend, profit, risk level, debt and paid-up capital. Based on such an assessment, the rating agency concludes whether the company can meet the financial obligations on time. Rating agencies classify low-risk, medium-risk, or high-risk companies based on their ability to meet financial obligations. <\/p><\/div><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kathmandu. Buddha Air Pvt. Ltd., a private sector air service provider, has upgraded the rating for banking loans from ICRA Nepal Limited. Buddha Air has received &#8216;A1&#8217; rating for short-term banking loan facility and &#8216;LA&#8217; rating for long-term loan. According to Buddha Air, the bank was rated &#8216;A2&#8217; for short-term loan purposes and &#8216;LA minus&#8217; [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":220177,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[45031,45077,45159],"tags":[],"class_list":["post-259275","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banner-news-en","category-corporate-2-en","category-news-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/259275","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/comments?post=259275"}],"version-history":[{"count":0,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/259275\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/media\/220177"}],"wp:attachment":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/media?parent=259275"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/categories?post=259275"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/tags?post=259275"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}