Credit Rating Preparations Underway as Nepal Seeks to Showcase Progress

Nepal has launched preparations for its second sovereign credit rating, according to the Ministry of Finance.

A meeting held at the ministry Monday, August 25, agreed to make comprehensive preparations and present Nepal’s recent achievements in a structured manner.

Deputy Prime Minister and Finance Minister Bishnu Paudel instructed officials to highlight the progress made over the past year, emphasising reforms and development milestones, the ministry said in a press note.

Discussions centred on prioritising improvements in the economy, legal and policy frameworks, and governance, along with achievements in political stability, infrastructure, tourism, and hydropower, the note added.

Participants included National Planning Commission Vice Chairman Prof. Dr. Shivraj Adhikari, member Dr. Prakash Kumar Shrestha, Nepal Rastra Bank Governor Dr. Bishwanath Poudel, Finance Secretary Ghanshyam Upadhyay, and Revenue Secretary Dinesh Kumar Ghimire.

Mahesh Bhattarai, head of the Economic Policy Analysis Division at the ministry, presented the preparations completed so far.

A team from Fitch Ratings—the international agency that in November 2024 assigned Nepal a Long-Term Foreign-Currency Issuer Default Rating (IDR) of ‘BB-’ with a stable outlook—is scheduled to visit Nepal to conduct its assessment for the next review.