Reliable Nepal Life Insurance Upgraded to ‘A Minus’ Credit Rating by CARE Ratings Nepal

Kathmandu – Reliable Nepal Life Insurance Limited has received an upgraded credit rating of ‘A Minus’ from CARE Ratings Nepal, marking a significant improvement from its previous rating of ‘Triple B Plus’.

The upgraded rating reflects the company’s enhanced financial strength, improved capacity to meet long-term liabilities, and strong market credibility. According to CARE Ratings Nepal, an agency approved by the Securities Board of Nepal, companies with an ‘A Minus’ rating are considered to have adequate security in meeting financial obligations on time and are categorized as low-risk borrowers.

Reliable Nepal Life Insurance noted that such a rating is relatively rare in Nepal’s insurance sector and serves as a strong indicator of the company’s financial soundness, operational transparency, and growing market trust.

The company believes that the improved credit rating has further strengthened customer loyalty and boosted the morale of its employees and agents. It aims to continue delivering reliable and quality insurance services across Nepal.