Softlogic highest rated stockbroker in Sri Lanka

Thursday, 19 August 2021 00:00 - - {{hitsCtrl.values.hits}}

Softlogic Stockbrokers has received the highest credit rating of all stockbroking firms in Sri Lanka and is one of a handful to even receive a formal rating.

In its most recent rating update Softlogic Stockbrokers Ltd. was given a [SL]BBB domestic rating by ICRA Lanka Ltd., with a stable outlook.

“This is due to its track record in equity broking and established position, strong franchise in key segments like the High Net-Worth (HNW) and foreign institutions. The rating also takes into account the company’s capitalisation profile with a risk-weighted capital adequacy ratio of 310% as of March 2021, well above the regulatory minimum of 120%,” Softlogic Stockbrokers said. It said the achievement marks another milestone as Softlogic stockbrokers has now officially been classified as an investment-grade firm, joining its other elite group companies such as Softlogic Holdings PLC, Softlogic Life PLC and Softlogic Capital PLC.

“We are consolidating our leading stance as the highest-rated stockbroker in Sri Lanka equipped with an award-winning research team,” Softlogic Stockbrokers added.