Fitch affirms seven Lankan finance companies

Fitch Ratings has affirmed the ratings of People’s Leasing & Finance Plc, Central Finance Company Plc (CF), Melsta Regal Finance Ltd. (MRF), Siyapatha Finance Plc (Siyapatha), Senkadagala Finance Plc (Senka), AMW Capital Leasing And Finance Plc (AMCL) and Singer Finance Plc (SFL).

The following ratings have been affirmed: 

People’s Leasing & Finance Plc:

Long Term Foreign-Currency Issuer Default Rating at ‘B+’; Outlook Stable

Long Term Local-Currency Issuer Default Rating at ‘B+’; Outlook Stable

National Long-Term Rating at ‘AA-(lka)’; Outlook Stable

National Long-Term Rating for senior unsecured debt at ‘AA-(lka)’

National Long-Term Rating for senior unsecured debt at ‘AA-(lka)(EXP)’

Central Finance Company Plc:

National Long-Term Rating at ‘A+(lka)’; Outlook Stable

National Long-Term Rating for senior secured debt at ‘A+(lka)’

National Long-Term Rating for senior unsecured debt at ‘A+(lka)’

National Long-Term Rating for subordinated debt at ‘A(lka)’

Senkadagala Finance Plc

National Long-Term Rating at ‘BBB+(lka)’; Outlook Stable

National Long-Term Rating for senior unsecured debt at ‘BBB+(lka)’

National Long-Term Rating for subordinated debt at ‘BBB(lka)’

Singer Finance (Lanka) Plc

National Long-Term Rating at ‘BBB(lka)’; Outlook Stable

National Long-Term Rating for senior secured debt at ‘BBB(lka)’

National Long-Term Rating for senior unsecured debt at ‘BBB(lka)’

AMW Capital Leasing And Finance Plc

National Long-Term Rating at ‘BBB+(lka)’; Outlook Stable

Siyaptha Finance Plc

National Long-Term Rating at ‘A-(lka)’; Outlook Stable

National Long-Term Rating for senior unsecured debt at ‘A-(lka)’

National Long-Term Rating for subordinated debt at ‘BBB+(lka)’

Melsta Regal Finance Ltd:

National Long-Term Rating at ‘A+(lka)’; Outlook Stable