Ratings

EntitySectorRating TypeDissemination DateActionLT RatingST RatingOutlookRating Watch
LRA Assigns Initial Entity Rating to the Regional Development Bank

Regional Development Bank
Press Release | Report
BanksEntity 17-Jan-24
InitialBBB+-Stable-
EntitySectorRating TypeDissemination DateActionLT RatingST RatingOutlookRating Watch
National Savings Bank – Senior Redeemable Debentures | LKR 11.541 bn

National Savings Bank – Senior Redeemable Debentures | LKR 11.541 bn
Press Release | Report
BanksDebt Instrument 05-Jan-24
MaintainAA+-Stable-
EntitySectorRating TypeDissemination DateActionLT RatingST RatingOutlookRating Watch
National Savings Bank – Senior Redeemable Debentures | LKR 6.323 bn

National Savings Bank – Senior Redeemable Debentures | LKR 6.323 bn
Press Release | Report
BanksDebt Instrument 05-Jan-24
MaintainAA+-Stable-
EntitySectorRating TypeDissemination DateActionLT RatingST RatingOutlookRating Watch
National Savings Bank – Additional Tier 1 Perpetual Bond | LKR 5 Bn

National Savings Bank - Additional Tier 1 Perpetual Bonds | LKR 5Bn
Press Release | Report
BanksDebt Instrument 05-Jan-24
MaintainAA-Stable-
EntitySectorRating TypeDissemination DateActionLT RatingST RatingOutlookRating Watch
LRA Maintains Entity Rating of National Savings Bank

National Savings Bank
Press Release | Report
BanksEntity 05-Jan-24
MaintainAAA-Stable-
EntitySectorRating TypeDissemination DateActionLT RatingST RatingOutlookRating Watch
LRA Maintains Entity Rating to CIC Holdings PLC

CIC Holdings PLC
Press Release | Report
Holding CompanyEntity 12-Dec-23
MaintainA-StableNO
EntitySectorRating TypeDissemination DateActionLT RatingST RatingOutlookRating Watch
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
Press Release | Report
Non Banking Financial InstitutesDebt Instrument 29-Nov-23
PreliminaryA-Stable-
EntitySectorRating TypeDissemination DateActionLT RatingST RatingOutlookRating Watch
LRA Assigns Initial Entity Rating to E.B. Creasy & Co PLC

EB Creasy & Co PLC
Press Release | Report
Holding CompanyEntity 29-Nov-23
InitialBBB-Stable-
EntitySectorRating TypeDissemination DateActionLT RatingST RatingOutlookRating Watch
LRA Assigns 'Rating Watch' to LOLC Holdings PLC, Maintains Entity Rating

LOLC Holdings PLC
Press Release | Report
Holding CompanyEntity 20-Nov-23
MaintainA-StableYES
EntitySectorRating TypeDissemination DateActionLT RatingST RatingOutlookRating Watch
LRA Assigns Preliminary Instrument Rating to LOLC Holdings PLC - LKR 15bn Commercial Paper With 'Rating Watch'

LOLC Holdings PLC - Commercial Paper -LKR 15Bn
Press Release | Report
Holding CompanyCommercial Paper 20-Nov-23
PreliminaryA1StableYES
EntitySectorRating TypeDissemination DateActionLT RatingST RatingOutlookRating Watch
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
Press Release | Report
Holding CompanyDebt Instrument 20-Nov-23
PreliminaryA-StableYES
EntitySectorRating TypeDissemination DateActionLT RatingST RatingOutlookRating Watch
LRA Assigns Initial Rating to State Mortgage and Investment Bank

State Mortgage & Investment Bank
Press Release | Report
BanksEntity 20-Nov-23
InitialBBB-Stable-
EntitySectorRating TypeDissemination DateActionLT RatingST RatingOutlookRating Watch
LRA Assigns Initial Rating to Assetline Finance Limited

Assetline Finance Limited
Press Release | Report
Non Banking Financial InstitutesEntity 02-Nov-23
InitialA--Stable-
EntitySectorRating TypeDissemination DateActionLT RatingST RatingOutlookRating Watch
LRA Maintains Entity Rating of Sarvodaya Development Finance PLC

Sarvodaya Development Finance PLC
Press Release | Report
Non Banking Financial InstitutesEntity 02-Oct-23
MaintainBB-Stable-
EntitySectorRating TypeDissemination DateActionLT RatingST RatingOutlookRating Watch
LRA Assigns Preliminary Instrument Rating to LOLC Holdings PLC - LKR 15bn Commercial Paper

LOLC Holdings PLC - Commercial Paper - LKR 15 Bn
Press Release | Report
Holding CompanyCommercial Paper 07-Sep-23
PreliminaryA1Stable-
EntitySectorRating TypeDissemination DateActionLT RatingST RatingOutlookRating Watch
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
Press Release | Report
Non Banking Financial InstitutesDebt Instrument 25-Aug-23
PreliminaryA-Stable-
EntitySectorRating TypeDissemination DateActionLT RatingST RatingOutlookRating Watch
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
Press Release | Report
InsuranceDebt Instrument 07-Aug-23
InitialBBB-Positive-
EntitySectorRating TypeDissemination DateActionLT RatingST RatingOutlookRating Watch
LRA Assigns Initial Entity Rating to Sanasa Life Insurance Company PLC

Sanasa Life Insurance Company PLC
Press Release | Report
InsuranceIFS 07-Aug-23
InitialBBB (ifs)-Positive-
EntitySectorRating TypeDissemination DateActionLT RatingST RatingOutlookRating Watch
LRA Assigns Initial Rating to Associated Motor Finance Company PLC

Associated Motor Finance Company PLC
Press Release | Report
Non Banking Financial InstitutesEntity 17-Jul-23
InitialBB--Stable-
EntitySectorRating TypeDissemination DateActionLT RatingST RatingOutlookRating Watch
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
Press Release | Report
Non Banking Financial InstitutesDebt Instrument 28-Jun-23
PreliminaryA-Stable-
EntitySectorRating TypeDissemination DateActionLT RatingST RatingOutlookRating Watch
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
Press Release | Report
Non Banking Financial InstitutesDebt Instrument 28-Jun-23
PreliminaryA-Stable-
EntitySectorRating TypeDissemination DateActionLT RatingST RatingOutlookRating Watch
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
Press Release | Report
Non Banking Financial InstitutesDebt Instrument 28-Jun-23
PreliminaryA-Stable-
EntitySectorRating TypeDissemination DateActionLT RatingST RatingOutlookRating Watch
LRA Assigns 'Rating Watch' to First Capital Holdings PLC, Maintains Entity Rating

First Capital Holdings PLC
Press Release | Report
Holding CompanyEntity 27-Jun-23
MaintainA-StableYES
EntitySectorRating TypeDissemination DateActionLT RatingST RatingOutlookRating Watch
LRA Assigns 'Rating Watch' to First Capital Holdings PLC's Debt Instrument, Maintains Instrument Rating.

First Capital Holdings - LKR 2Bn Senior Unsecured Redeemable Debentures
Press Release | Report
Holding CompanyDebt Instrument 27-Jun-23
MaintainA-StableYES
EntitySectorRating TypeDissemination DateActionLT RatingST RatingOutlookRating Watch
LRA Assigns 'Rating Watch' to First Capital Treasuries PLC's Instrument, Maintains Instrument Rating.

First Capital Treasuries - LKR 750mn Subordinated Unsecured Redeemable Debentures
Press Release | Report
Capital MarketsDebt Instrument 27-Jun-23
MaintainA--StableYES
EntitySectorRating TypeDissemination DateActionLT RatingST RatingOutlookRating Watch
LRA Assigns 'Rating Watch' to First Capital Treasuries PLC, Maintains Entity Rating

First Capital Treasuries PLC
Press Release | Report
Capital MarketsEntity 27-Jun-23
MaintainA-StableYES
EntitySectorRating TypeDissemination DateActionLT RatingST RatingOutlookRating Watch
LRA Assigns 'Rating Watch' to First Capital Holdings PLC's Debt Instrument, Maintains Instrument Rating

First Capital Holdings - LKR 2.5Bn - Commercial Papers
Press Release | Report
Holding CompanyCommercial Paper 23-Jun-23
A1StableYES
EntitySectorRating TypeDissemination DateActionLT RatingST RatingOutlookRating Watch
LRA Assigns 'Rating Watch' to Janashakthi Limited, Maintains Entity Rating

Janashakthi Limited
Press Release | Report
Holding CompanyEntity 21-Jun-23
MaintainBB--DevelopingYES
EntitySectorRating TypeDissemination DateActionLT RatingST RatingOutlookRating Watch
LRA Assigns Initial Entity Rating to Lanka Credit & Business Finance PLC with Rating Watch and "Positive" Outlook

Lanka Credit and Business Finance PLC
Press Release | Report
Non Banking Financial InstitutesEntity 06-Jun-23
InitialB+-PositiveYES
EntitySectorRating TypeDissemination DateActionLT RatingST RatingOutlookRating Watch
LRA Assigns Initial Rating to Multi Finance PLC

Multi Finance PLC
Press Release | Report
Non Banking Financial InstitutesEntity 02-Jun-23
InitialB--Negative-
EntitySectorRating TypeDissemination DateActionLT RatingST RatingOutlookRating Watch
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
Press Release | Report
Holding CompanyDebt Instrument 12-May-23
InitialA-Stable-
EntitySectorRating TypeDissemination DateActionLT RatingST RatingOutlookRating Watch
LRA Assigns Initial Instrument Rating to LOLC Holdings PLC - LKR 3bn Commercial Paper Program

LOLC Holdings PLC - LKR 03Bn Commercial Paper Program
Press Release | Report
Holding CompanyCommercial Paper 12-May-23
InitialA1Stable-
EntitySectorRating TypeDissemination DateActionLT RatingST RatingOutlookRating Watch
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
Press Release | Report
Holding CompanyDebt Instrument 12-May-23
InitialA-Stable-
EntitySectorRating TypeDissemination DateActionLT RatingST RatingOutlookRating Watch
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
Press Release | Report
Holding CompanyDebt Instrument 12-May-23
InitialA-Stable-
EntitySectorRating TypeDissemination DateActionLT RatingST RatingOutlookRating Watch
LRA Assigns Initial Entity Rating to Softlogic Capital PLC

Softlogic Capital PLC
Press Release | Report
Holding CompanyEntity 17-Apr-23
InitialBBB--StableNO
EntitySectorRating TypeDissemination DateActionLT RatingST RatingOutlookRating Watch
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
Press Release | Report
Holding CompanyDebt Instrument 17-Apr-23
InitialBBB--StableNO
EntitySectorRating TypeDissemination DateActionLT RatingST RatingOutlookRating Watch
LRA Assigns Initial Rating to LOLC Finance PLC

LOLC Finance PLC
Press Release | Report
Non Banking Financial InstitutesEntity 16-Mar-23
InitialA-Stable-
EntitySectorRating TypeDissemination DateActionLT RatingST RatingOutlookRating Watch
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)
Press Release | Report
Non Banking Financial InstitutesDebt Instrument 16-Mar-23
InitialA--Stable-
EntitySectorRating TypeDissemination DateActionLT RatingST RatingOutlookRating Watch
LRA Assigns Initial Instrument Rating to LOLC Finance PLC - LKR 06bn Asset Securitisation

LOLC Finance - LKR 06bn Asset Securitization
Press Release | Report
Non Banking Financial InstitutesDebt Instrument 16-Mar-23
InitialA+-Stable-
EntitySectorRating TypeDissemination DateActionLT RatingST RatingOutlookRating Watch
LRA Assigns Initial Instrument Rating to LOLC Finance PLC - LKR 05bn Unsecured Senior Redeemable Debentures

LOLC Finance - LKR 05bn Listed Debentures (Maturity 2025)
Press Release | Report
Non Banking Financial InstitutesDebt Instrument 16-Mar-23
InitialA-Stable-
EntitySectorRating TypeDissemination DateActionLT RatingST RatingOutlookRating Watch
LRA Assigns Initial Rating to PMF Finance PLC

PMF Finance PLC
Press Release | Report
Non Banking Financial InstitutesEntity 01-Mar-23
InitialB+-Stable-
EntitySectorRating TypeDissemination DateActionLT RatingST RatingOutlookRating Watch
LRA Assigns Initial Entity Rating to Vallibel Finance PLC

Vallibel Finance PLC
Press Release | Report
Non Banking Financial InstitutesEntity 28-Feb-23
InitialBBB+-NegativeNO
EntitySectorRating TypeDissemination DateActionLT RatingST RatingOutlookRating Watch
LRA Assigns Initial Rating to Alliance Finance Company PLC

Alliance Finance Company PLC
Press Release | Report
Non Banking Financial InstitutesEntity 10-Feb-23
InitialBBB--Stable-
EntitySectorRating TypeDissemination DateActionLT RatingST RatingOutlookRating Watch
LRA Assigns Initial Entity Ratings to Commercial Credit and Finance PLC

Commercial Credit and Finance PLC
Press Release | Report
Non Banking Financial InstitutesEntity 07-Feb-23
InitialBBB-StableNO
EntitySectorRating TypeDissemination DateActionLT RatingST RatingOutlookRating Watch
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
Press Release | Report
Non Banking Financial InstitutesDebt Instrument 07-Feb-23
InitialA-StableNO
EntitySectorRating TypeDissemination DateActionLT RatingST RatingOutlookRating Watch
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)
Press Release | Report
Non Banking Financial InstitutesDebt Instrument 02-Feb-23
PreliminaryBBB-StableNO
EntitySectorRating TypeDissemination DateActionLT RatingST RatingOutlookRating Watch
LRA Assigns Initial Rating to Merchant Bank of Sri Lanka & Finance PLC

Merchant Bank of Sri Lanka & Finance PLC
Press Release | Report
Non Banking Financial InstitutesEntity 01-Feb-23
InitialBBB+-Stable-
EntitySectorRating TypeDissemination DateActionLT RatingST RatingOutlookRating Watch
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)
Press Release | Report
Non Banking Financial InstitutesDebt Instrument 01-Feb-23
InitialBBB-Stable-
EntitySectorRating TypeDissemination DateActionLT RatingST RatingOutlookRating Watch
LRA Assigns Initial Entity Rating to Asia Asset Finance PLC

Asia Asset Finance PLC
Press Release | Report
Non Banking Financial InstitutesEntity 27-Jan-23
InitialA--Stable-
EntitySectorRating TypeDissemination DateActionLT RatingST RatingOutlookRating Watch
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)
Press Release | Report
Non Banking Financial InstitutesDebt Instrument 27-Jan-23
InitialA-StableNO
EntitySectorRating TypeDissemination DateActionLT RatingST RatingOutlookRating Watch
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)
Press Release | Report
Non Banking Financial InstitutesDebt Instrument 27-Jan-23
InitialA-StableNO
EntitySectorRating TypeDissemination DateActionLT RatingST RatingOutlookRating Watch
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
Press Release | Report
Non Banking Financial InstitutesDebt Instrument 27-Jan-23
InitialA-StableNO
EntitySectorRating TypeDissemination DateActionLT RatingST RatingOutlookRating Watch
LRA Assigns Initial Entity Rating to Nawaloka Medicare (Pvt) Ltd

Nawaloka Medicare (Pvt) Ltd
Press Release | Report
Pharma and ChemicalsEntity 24-Jan-23
InitialBBB-Stable-
EntitySectorRating TypeDissemination DateActionLT RatingST RatingOutlookRating Watch
LRA Maintains the Entity Ratings of Litro Gas Lanka Limited

Litro Gas Lanka
Press Release | Report
EnergyEntity 09-May-22
MaintainA--NegativeYES
EntitySectorRating TypeDissemination DateActionLT RatingST RatingOutlookRating Watch
LRA Assigns Initial Ratings to Orient Finance PLC

Orient Finance PLC
Press Release | Report
Non Banking Financial InstitutesEntity 30-Dec-21
InitialBB+-StableNO