Fitch lowers Sri Lankan finance issuers

Fitch Ratings said it lowered its national scale ratings for Sri Lankan finance and leasing issuers after the sovereign downgrade and recalibration of its national rating scale. The ratings remain on rating watch negative.

The agency downgraded People’s Leasing & Finance plc’s issuer and senior unsecured ratings to A-(lka)/RWN from A+(lka)/RWN, HNB Finance plc to BBB+(lka)/RWN from A(lka)/RWN and its subordinated rating to BBB-(lka)/RWN from BBB+(lka)/RWN and Siyapatha Finance plc’s issuer and senior unsecured ratings to BBB+(lka)/RWN from A(lka)/RWN.

© 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.