Ratings

LT Rating  BBB+


ST Rating  -

LRA Assigns Initial Entity Rating to the Regional Development Bank

Regional Development Bank
2024-01-17

LT Rating  AA+


ST Rating  -

National Savings Bank – Senior Redeemable Debentures | LKR 11.541 bn

National Savings Bank – Senior Redeemable Debentures | LKR 11.541 bn
2024-01-05

LT Rating  AA+


ST Rating  -

National Savings Bank – Senior Redeemable Debentures | LKR 6.323 bn

National Savings Bank – Senior Redeemable Debentures | LKR 6.323 bn
2024-01-05

LT Rating  AA


ST Rating  -

National Savings Bank – Additional Tier 1 Perpetual Bond | LKR 5 Bn

National Savings Bank - Additional Tier 1 Perpetual Bonds | LKR 5Bn
2024-01-05

LT Rating  AAA


ST Rating  -

LRA Maintains Entity Rating of National Savings Bank

National Savings Bank
2024-01-05

LT Rating  A


ST Rating  -

LRA Maintains Entity Rating to CIC Holdings PLC

CIC Holdings PLC
2023-12-12

LT Rating  A


ST Rating  -

LRA Assigns Preliminary Instrument Rating to Fixed Income Investment II (Pvt) Ltd – Trust 02 - LKR 2,975,810,218 T Bond Securitization

Fixed Income Investment II (Pvt) Ltd - Trust 2 - T Bond Securitization - LKR 03Bn
2023-11-29

LT Rating  BBB


ST Rating  -

LRA Assigns Initial Entity Rating to E.B. Creasy & Co PLC

EB Creasy & Co PLC
2023-11-29

LT Rating  A


ST Rating  -

LRA Assigns 'Rating Watch' to LOLC Holdings PLC, Maintains Entity Rating

LOLC Holdings PLC
2023-11-20

LT Rating  


ST Rating  A1

LRA Assigns Preliminary Instrument Rating to LOLC Holdings PLC - LKR 15bn Commercial Paper With 'Rating Watch'

LOLC Holdings PLC - Commercial Paper -LKR 15Bn
2023-11-20

LT Rating  A


ST Rating  -

LRA Assigns Preliminary Instrument Rating to LOLC Holdings PLC – LKR8bln Listed, Rated, Senior, Unsecured, Redeemable Debenture With 'Rating Watch'.

LOLC Holdings PLC - LKR 08Bn Senior Unsecured Listed Rated Redeemable Debenture
2023-11-20

LT Rating  BBB


ST Rating  -

LRA Assigns Initial Rating to State Mortgage and Investment Bank

State Mortgage & Investment Bank
2023-11-20

LT Rating  A-


ST Rating  -

LRA Assigns Initial Rating to Assetline Finance Limited

Assetline Finance Limited
2023-11-02

LT Rating  BB


ST Rating  -

LRA Maintains Entity Rating of Sarvodaya Development Finance PLC

Sarvodaya Development Finance PLC
2023-10-02

LT Rating  


ST Rating  A1

LRA Assigns Preliminary Instrument Rating to LOLC Holdings PLC - LKR 15bn Commercial Paper

LOLC Holdings PLC - Commercial Paper - LKR 15 Bn
2023-09-07

LT Rating  A


ST Rating  -

LRA Assigns Preliminary Instrument Rating to Fixed Income Investment III (Pvt) Ltd's LKR 5,052,163,273.76 T Bond Securitization

Fixed Income Investment III (Pvt) Ltd - TBond securitization LKR 5.052Bn
2023-08-25

LT Rating  BBB


ST Rating  -

LRA Assigns Initial Instrument Rating to Sanasa Life Insurance Company PLC - LKR 200mn Senior Unsecured Redeemable Debentures

Sanasa Life Insurance Company PLC - LKR 200mn Senior Unsecured Debenture
2023-08-07

LT Rating  BBB (ifs)


ST Rating  -

LRA Assigns Initial Entity Rating to Sanasa Life Insurance Company PLC

Sanasa Life Insurance Company PLC
2023-08-07

LT Rating  BB-


ST Rating  -

LRA Assigns Initial Rating to Associated Motor Finance Company PLC

Associated Motor Finance Company PLC
2023-07-17

LT Rating  A


ST Rating  -

LRA Assigns Preliminary Instrument Rating to Fixed Income Investment II (Pvt) Ltd's LKR 2.758Bn T Bond Securitization

Fixed Income Investment II (Private) Limited - LKR 2.7Bn T Bond Securitization
2023-06-28

LT Rating  A


ST Rating  -

LRA Assigns Preliminary Instrument Rating to Fixed Income Investment 1 (Pvt) Ltd's LKR 5.75Bn T Bond Securitization

Fixed Income Investment 1 (Private) Limited - LKR 5.75Bn T Bond Securitization
2023-06-28

LT Rating  A


ST Rating  -

LRA Assigns Preliminary Instrument Rating to CAL Property Fund (Pvt) Ltd - LKR 6Bn T Bond Securitization

CAL Property Fund (Pvt) Ltd - LKR 06Bn T Bond Securitization
2023-06-28

LT Rating  A


ST Rating  -

LRA Assigns 'Rating Watch' to First Capital Holdings PLC, Maintains Entity Rating

First Capital Holdings PLC
2023-06-27

LT Rating  A


ST Rating  -

LRA Assigns 'Rating Watch' to First Capital Holdings PLC's Debt Instrument, Maintains Instrument Rating.

First Capital Holdings - LKR 2Bn Senior Unsecured Redeemable Debentures
2023-06-27

LT Rating  A-


ST Rating  -

LRA Assigns 'Rating Watch' to First Capital Treasuries PLC's Instrument, Maintains Instrument Rating.

First Capital Treasuries - LKR 750mn Subordinated Unsecured Redeemable Debentures
2023-06-27

LT Rating  A


ST Rating  -

LRA Assigns 'Rating Watch' to First Capital Treasuries PLC, Maintains Entity Rating

First Capital Treasuries PLC
2023-06-27

LT Rating  


ST Rating  A1

LRA Assigns 'Rating Watch' to First Capital Holdings PLC's Debt Instrument, Maintains Instrument Rating

First Capital Holdings - LKR 2.5Bn - Commercial Papers
2023-06-23

LT Rating  BB-


ST Rating  -

LRA Assigns 'Rating Watch' to Janashakthi Limited, Maintains Entity Rating

Janashakthi Limited
2023-06-21

LT Rating  B+


ST Rating  -

LRA Assigns Initial Entity Rating to Lanka Credit & Business Finance PLC with Rating Watch and "Positive" Outlook

Lanka Credit and Business Finance PLC
2023-06-06

LT Rating  B-


ST Rating  -

LRA Assigns Initial Rating to Multi Finance PLC

Multi Finance PLC
2023-06-02

LT Rating  A


ST Rating  -

LRA Assigns Initial Instrument Rating to LOLC Holdings PLC - LKR 2bn Unlisted Senior Unsecured Redeemable Debentures

LOLC Holdings PLC - LKR 02bn Senior Unsecured Unlisted Redeemable Debenture
2023-05-12

LT Rating  


ST Rating  A1

LRA Assigns Initial Instrument Rating to LOLC Holdings PLC - LKR 3bn Commercial Paper Program

LOLC Holdings PLC - LKR 03Bn Commercial Paper Program
2023-05-12

LT Rating  A


ST Rating  -

LRA Assigns Initial Instrument Rating to LOLC Holdings PLC - LKR 5bn Listed Senior Unsecured Redeemable Debentures

LOLC Holdings PLC - LKR 05bn Listed Senior Unsecured Redeemable Debentures
2023-05-12

LT Rating  A


ST Rating  -

LRA Assigns Initial Instrument Rating to LOLC Holdings PLC - LKR 10bn Listed Senior Unsecured Redeemable Debentures

LOLC Holdings PLC - LKR 10bn Listed Senior Redeemable Debentures
2023-05-12

LT Rating  BBB-


ST Rating  -

LRA Assigns Initial Entity Rating to Softlogic Capital PLC

Softlogic Capital PLC
2023-04-17

LT Rating  BBB-


ST Rating  -

LRA Assigns Initial Instrument Rating to Softlogic Capital PLC - LKR 1.5bn Listed, Senior, Unsecured Redeemable Debentures

Softlogic Capital PLC - LKR 1.5Bn Listed Senior Unsecured Redeemable Debenture
2023-04-17

LT Rating  A


ST Rating  -

LRA Assigns Initial Rating to LOLC Finance PLC

LOLC Finance PLC
2023-03-16

LT Rating  A-


ST Rating  -

LRA Assigns Initial Instrument Rating to LOLC Finance PLC - LKR 2.5bn Unsecured Subordinated Redeemable Debentures

LOLC Finance - LKR 2.5bn Listed Debentures (Maturity 2025)
2023-03-16

LT Rating  A+


ST Rating  -

LRA Assigns Initial Instrument Rating to LOLC Finance PLC - LKR 06bn Asset Securitisation

LOLC Finance - LKR 06bn Asset Securitization
2023-03-16

LT Rating  A


ST Rating  -

LRA Assigns Initial Instrument Rating to LOLC Finance PLC - LKR 05bn Unsecured Senior Redeemable Debentures

LOLC Finance - LKR 05bn Listed Debentures (Maturity 2025)
2023-03-16

LT Rating  B+


ST Rating  -

LRA Assigns Initial Rating to PMF Finance PLC

PMF Finance PLC
2023-03-01

LT Rating  BBB+


ST Rating  -

LRA Assigns Initial Entity Rating to Vallibel Finance PLC

Vallibel Finance PLC
2023-02-28

LT Rating  BBB-


ST Rating  -

LRA Assigns Initial Rating to Alliance Finance Company PLC

Alliance Finance Company PLC
2023-02-10

LT Rating  BBB


ST Rating  -

LRA Assigns Initial Entity Ratings to Commercial Credit and Finance PLC

Commercial Credit and Finance PLC
2023-02-07

LT Rating  A


ST Rating  -

LRA Assigns Initial Instrument Rating to Commercial Credit and Finance PLC - LKR 1.3bn Guaranteed Debentures

Commercial Credit and Finance PLC - LKR 1.3bn Guaranteed Debenture
2023-02-07

LT Rating  BBB


ST Rating  -

LRA Assigns Preliminary Instrument Rating to Merchant Bank of Sri Lanka & Finance PLC - LKR 01bn Unsecured Subordinated Redeemable Debentures (2) - TBI

Merchant Bank of Sri Lanka & Finance PLC LKR 01bn Unsecured Subordinated Debenture (2)
2023-02-02

LT Rating  BBB+


ST Rating  -

LRA Assigns Initial Rating to Merchant Bank of Sri Lanka & Finance PLC

Merchant Bank of Sri Lanka & Finance PLC
2023-02-01

LT Rating  BBB


ST Rating  -

LRA Assigns Initial Instrument Rating to Merchant Bank of Sri Lanka & Finance PLC - LKR 01bn Unsecured Subordinated Redeemable Debentures (1)

Merchant Bank of Sri Lanka & Finance PLC LKR 01bn Unsecured Subordinated Debenture (1)
2023-02-01

LT Rating  A-


ST Rating  -

LRA Assigns Initial Entity Rating to Asia Asset Finance PLC

Asia Asset Finance PLC
2023-01-27

LT Rating  A


ST Rating  -

LRA Assigns Instrument Entity Rating to Asia Asset Finance PLC LKR 01Bn Asset Backed Secured Debenture (1)

Asia Asset Finance LKR 01bn Asset Backed Secured Debenture (1)
2023-01-27

LT Rating  A


ST Rating  -

LRA Assigns Initial Instrument Rating to Asia Asset Finance PLC LKR 01Bn Asset Backed Secured Debenture (2)

Asia Asset Finance LKR 01bn Asset Backed Secured Debenture (2)
2023-01-27

LT Rating  A


ST Rating  -

LRA Assigns Initial Instrument Rating to Asia Asset Finance PLC LKR 600mn Asset Backed Secured Trust Certificates

Asia Asset Finance LKR 600mn Asset Backed Secured Trust Certificates
2023-01-27

LT Rating  BBB


ST Rating  -

LRA Assigns Initial Entity Rating to Nawaloka Medicare (Pvt) Ltd

Nawaloka Medicare (Pvt) Ltd
2023-01-24

LT Rating  A-


ST Rating  -

LRA Maintains the Entity Ratings of Litro Gas Lanka Limited

Litro Gas Lanka
2022-05-09

LT Rating  BB+


ST Rating  -

LRA Assigns Initial Ratings to Orient Finance PLC

Orient Finance PLC
2021-12-30

Press Release

SRI LANKA ECONOMY - TURBULENT TIMES

2022-04-19

About LRA

Lanka Rating Agency Limited (LRA) is a domestic credit rating agency registered under the Securities and Exchange Commission Act No. 19 of 2021 and the Gazette Extraordinary bearing Number 2271/09 dated 15th March 2022.

LRA was registered in March 2021 as a credit rating agency in Sri Lanka from the Securities and Exchange commission of Sri Lanka.

With the entrance of Our foreign partner Pakistan Credit Rating Agency (PACRA) as a shareholder and also as the provider of technical assistance for ratings, it’s become a major strength to our local shareholders. The company reverted to its previous brand identity of Lanka Rating Agency (LRA) and continues as a domestic credit rating agency with global expertise similar to many other domestic rating agencies in Asia and Europe.