Corporate bonds & Nepali Private sector

Recently read - " IFC, a member of the World Bank Group, and the World Bank are helping governments in emerging markets simplify regulations for corporate bonds, changes designed to increase the volume of non-government bond transactions and improve the diversification and performance of institutional investors’ portfolios. " click here to read more 

 While reading the article few thought came to my mind in context of Nepal

• Our sovereign debt is rated CCC+ ..... corporate bonds are usually more risky  then the government bond.
• Majority of the industrial houses that needs debt,has there own subsidiary bank  ( for example: Nabil Bank- Chaudary Group, Laxmi bank- Khetan group,etc...) .Are the industrial houses willing to get rated when they have acesss to capital through there financial subsidiary.
• As of now, not a single major industrial houses (besides banks ) are listed in Nepal Stock Market...If they have to raise money would not it make more business sense for businesses to raise equity rather then cash ? 
• What else   ?