Fitch affirms Seylan Merchant Leasing

Fitch Ratings said it affirmed the BB+(lka) national long-term rating of Seylan Merchant Leasing Ltd.

The outlook is stable.

The rating reflects its modest financial profile, short operating history and limited revenue diversity, Fitch said.

The rating also factors in the implied support assumed to be available from ultimate parent, Seylan Bank plc, which is rated A-(lka) with negative outlook.

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