Kathmandu: ICRA Nepal Limited has upgraded the credit ratings of MAW Hire Purchase Private Limited (MHPL), reflecting improved financial performance and strengthening asset quality.

The company’s long-term loan rating has been upgraded to LBBB- from LBB+, while its short-term rating has improved to A3 from A4+. The rating action highlights MHPL’s steady progress in enhancing its overall credit profile.

MHPL has demonstrated notable improvement in asset quality, supported by stronger recovery mechanisms and the adoption of technology-driven controls, particularly in its expanding mobile phone financing segment. The company continues to maintain healthy profitability, with stable net interest margins and controlled operating costs contributing to consistent operating performance.

In addition, MHPL has maintained strong provision coverage of around 96%, reinforcing its financial resilience and capacity to absorb potential losses. Its lending portfolio remains well-diversified and granular, with a focus on moderate loan-to-value ratios, helping to mitigate risk exposure.

As part of the established MAW Group, which brings over five decades of experience in Nepal’s automobile sector, MHPL benefits from strong institutional backing. The group’s extensive market presence and partnerships with leading brands continue to support business growth and facilitate access to funding from financial institutions.

About MAW Hire Purchase Pvt. Ltd.
Established in 2011, MAW Hire Purchase Private Limited operates in line with the regulatory guidelines of Nepal Rastra Bank. The company’s registered office is located in Biratnagar, Morang, with its main branch in Tripureshwor, Kathmandu. MHPL was founded with the vision of providing easy and hassle-free hire purchase solutions to its customers.

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