Fitch rates Senkadagala Finance notes BBB+(lka)

Fitch Ratings said it assigned Senkadagala Finance Co. Ltd.'s proposed senior unsecured redeemable listed debentures of up to 1 billion of Sri Lanka rupee a BBB+(lka) rating, and affirmed its national long-term rating at BBB+(lka).

The outlook is stable.

The ratings reflect the company's long operating history and sustained strong capital structure, as well as its relatively sound credit control systems and processes, Fitch said.

The ratings are constrained by its evolving economies of scale and relatively low market share in core operations in relation to some of its larger peers, the agency said.

© 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.