Fitch affirms Edirisinghe

Fitch Ratings Lanka said it affirmed Edirisinghe Trust Investment Ltd.'s national long-term rating at BB-(lka) with a stable outlook.

The agency said the rating reflects Edirisinghe's weak core-equity position and its significant exposure to real estate (1.02x capital base), which has weighed down on its profitability.

The rating also reflects Edirisinghe's established franchise and its large exposure to pawn-broking leading to strong asset quality, Fitch said.

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