Fitch assigns Abans debentures A-(lka)

Fitch Ratings said it assigned Abans Ltd.'s issue of up to LKR 2 billion of senior unsecured redeemable debentures a final national long-term rating of A-(lka).

The final rating is the same as the expected rating assigned on Sept. 23.

The proposed debentures are rated in line with the Sri Lanka-based retailer's national long-term rating of A-(lka), as they will rank equally with the company's other senior unsecured creditors in the event of liquidation.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.