Sri Lanka’s Asia Asset Finance debt rated ‘A+(EXP)(lka)’ by Fitch Ratings
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1 min readFrom 1 outlets- The proposed Sri Lankan rupee-denominated issue is capped at LKR3 billion.
- The debentures are expected to mature in five years and be listed on the Colombo Stock Exchange.
- Asia Asset Finance plans to use the proceeds to bolster Tier 2 capital and expand lending.
- Fitch says the expected rating is two notches below the company’s National Long-Term Rating.
Based on: EconomyNextWritten by AI from EconomyNextthese outlets’ reports. Not reviewed by an editor. It can be wrong — the original reports are the authority. .
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Earlier coverage
Reports on the same subject from the months before this story.
- Lanka Business Online · Fitch Rates Merchant Bank of Sri Lanka’s Proposed Subordinated Debt ‘BBB+(EXP)(lka)’
- Hiru News · Fitch assigns ‘A(lka)’ rating to Sampath Bank’s proposed Rs. 10 billion debentures
- EconomyNext · Fitch Ratings recalibrates Sri Lanka’s national rating scale
- Lanka Business Online · Fitch Assigns CBC Finance’s Proposed Subordinated Debt ‘BBB+(EXP)(lka)’ Rating
- Lanka Business Online · Fitch Assigns Asia Asset Finance’s Proposed Senior Debt ‘A+(EXP)(lka)’ Rating
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