ICRA affirms SLA rating of LOLC: Outlook revised to Stable

Monday, 11 May 2020 00:49 - - {{hitsCtrl.values.hits}}

ICTA Lanka Ltd. (ICRA Lanka), subsidiary of ICRA Ltd. – a group company of Moody’s Investors Service has reaffirmed the Issuer Rating of ‘[SL]A’ of LOLC Holdings PLC in addition to revising the outlook to Stable from Rating watch with developing implications.

This was after due consideration of the latest developments in the company.

Issuers with this rating are considered to have adequate degree of safety regarding timely servicing of financial obligations. Such issuers carry low credit risk.