KATHMANDU, April 28 -- "Provided the country receives credit rating, it will allow govt and private sectors issue bonds in the international market, while building confidence of foreign investors"

The government has initiated the process of Sovereign Credit Rating (SCR) for the country which was stalled for three years.

The SCR serves as a crucial indicator, offering insights into the country's financial situation and credit capacity. It is done to get real information about the country's investment risk situation.

The government move has come up just in the prelude of the Nepal Investment Summit-2024, which kicks off on Sunday. Foreign investors consider the sovereign credit rating as a prerequisite for investment.

Provided the count...