| Entity | Sector | Rating Type | Dissemination Date | Action | LT Rating | ST Rating | Outlook | Rating 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 Company | Commercial Paper | 2023-09-07 | Preliminary | A1 | Stable | - |
| Entity | Sector | Rating Type | Dissemination Date | Action | LT Rating | ST Rating | Outlook | Rating 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 Institutes | Debt Instrument | 2023-08-25 | Preliminary | A | - | Stable | - |
| Entity | Sector | Rating Type | Dissemination Date | Action | LT Rating | ST Rating | Outlook | Rating Watch |
|---|---|---|---|---|---|---|---|---|
| LRA Assigns Initial Entity Rating to Sanasa Life Insurance Company PLC Sanasa Life Insurance Company PLC Press Release | Report | Insurance | IFS | 2023-08-07 | Initial | BBB (ifs) | - | Positive | - |
| Entity | Sector | Rating Type | Dissemination Date | Action | LT Rating | ST Rating | Outlook | Rating 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 | Insurance | Debt Instrument | 2023-08-07 | Initial | BBB | - | Positive | - |
| Entity | Sector | Rating Type | Dissemination Date | Action | LT Rating | ST Rating | Outlook | Rating Watch |
|---|---|---|---|---|---|---|---|---|
| LRA Assigns Initial Rating to Associated Motor Finance Company PLC Associated Motor Finance Company PLC Press Release | Report | Non Banking Financial Institutes | Entity | 2023-07-17 | Initial | BB- | - | Stable | - |
| Entity | Sector | Rating Type | Dissemination Date | Action | LT Rating | ST Rating | Outlook | Rating 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 Institutes | Debt Instrument | 2023-06-28 | Preliminary | A | - | Stable | - |
| Entity | Sector | Rating Type | Dissemination Date | Action | LT Rating | ST Rating | Outlook | Rating 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 Institutes | Debt Instrument | 2023-06-28 | Preliminary | A | - | Stable | - |
| Entity | Sector | Rating Type | Dissemination Date | Action | LT Rating | ST Rating | Outlook | Rating 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 Institutes | Debt Instrument | 2023-06-28 | Preliminary | A | - | Stable | - |
| Entity | Sector | Rating Type | Dissemination Date | Action | LT Rating | ST Rating | Outlook | Rating Watch |
|---|---|---|---|---|---|---|---|---|
| LRA Assigns 'Rating Watch' to First Capital Holdings PLC, Maintains Entity Rating First Capital Holdings PLC Press Release | Report | Holding Company | Entity | 2023-06-27 | Maintain | A | - | Stable | YES |
| Entity | Sector | Rating Type | Dissemination Date | Action | LT Rating | ST Rating | Outlook | Rating 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 Company | Debt Instrument | 2023-06-27 | Maintain | A | - | Stable | YES |
| Entity | Sector | Rating Type | Dissemination Date | Action | LT Rating | ST Rating | Outlook | Rating Watch |
|---|---|---|---|---|---|---|---|---|
| LRA Assigns 'Rating Watch' to First Capital Treasuries PLC, Maintains Entity Rating First Capital Treasuries PLC Press Release | Report | Capital Markets | Entity | 2023-06-27 | Maintain | A | - | Stable | YES |
| Entity | Sector | Rating Type | Dissemination Date | Action | LT Rating | ST Rating | Outlook | Rating 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 Markets | Debt Instrument | 2023-06-27 | Maintain | A- | - | Stable | YES |
| Entity | Sector | Rating Type | Dissemination Date | Action | LT Rating | ST Rating | Outlook | Rating 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 Company | Commercial Paper | 2023-06-23 | A1 | Stable | YES |
| Entity | Sector | Rating Type | Dissemination Date | Action | LT Rating | ST Rating | Outlook | Rating Watch |
|---|---|---|---|---|---|---|---|---|
| LRA Assigns 'Rating Watch' to Janashakthi Limited, Maintains Entity Rating Janashakthi Limited Press Release | Report | Holding Company | Entity | 2023-06-21 | Maintain | BB- | - | Developing | YES |
| Entity | Sector | Rating Type | Dissemination Date | Action | LT Rating | ST Rating | Outlook | Rating 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 Institutes | Entity | 2023-06-06 | Initial | B+ | - | Positive | YES |
| Entity | Sector | Rating Type | Dissemination Date | Action | LT Rating | ST Rating | Outlook | Rating Watch |
|---|---|---|---|---|---|---|---|---|
| LRA Assigns Initial Rating to Multi Finance PLC Multi Finance PLC Press Release | Report | Non Banking Financial Institutes | Entity | 2023-06-02 | Initial | B- | - | Negative | - |
| Entity | Sector | Rating Type | Dissemination Date | Action | LT Rating | ST Rating | Outlook | Rating Watch |
|---|---|---|---|---|---|---|---|---|
| LRA Assigns Initial Entity Rating to LOLC Holdings PLC LOLC Holdings PLC Press Release | Report | Holding Company | Entity | 2023-05-12 | Initial | A | - | Stable | - |
| Entity | Sector | Rating Type | Dissemination Date | Action | LT Rating | ST Rating | Outlook | Rating 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 Company | Debt Instrument | 2023-05-12 | Initial | A | - | Stable | - |
| Entity | Sector | Rating Type | Dissemination Date | Action | LT Rating | ST Rating | Outlook | Rating 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 Company | Debt Instrument | 2023-05-12 | Initial | A | - | Stable | - |
| Entity | Sector | Rating Type | Dissemination Date | Action | LT Rating | ST Rating | Outlook | Rating 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 Company | Debt Instrument | 2023-05-12 | Initial | A | - | Stable | - |
| Entity | Sector | Rating Type | Dissemination Date | Action | LT Rating | ST Rating | Outlook | Rating 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 Company | Commercial Paper | 2023-05-12 | Initial | A1 | Stable | - |
| Entity | Sector | Rating Type | Dissemination Date | Action | LT Rating | ST Rating | Outlook | Rating 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 Company | Debt Instrument | 2023-04-17 | Initial | BBB- | - | Stable | NO |
| Entity | Sector | Rating Type | Dissemination Date | Action | LT Rating | ST Rating | Outlook | Rating Watch |
|---|---|---|---|---|---|---|---|---|
| LRA Assigns Initial Entity Rating to Softlogic Capital PLC Softlogic Capital PLC Press Release | Report | Holding Company | Entity | 2023-04-17 | Initial | BBB- | - | Stable | NO |
| Entity | Sector | Rating Type | Dissemination Date | Action | LT Rating | ST Rating | Outlook | Rating 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 Institutes | Debt Instrument | 2023-03-16 | Initial | A- | - | Stable | - |
| Entity | Sector | Rating Type | Dissemination Date | Action | LT Rating | ST Rating | Outlook | Rating 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 Institutes | Debt Instrument | 2023-03-16 | Initial | A+ | - | Stable | - |
| Entity | Sector | Rating Type | Dissemination Date | Action | LT Rating | ST Rating | Outlook | Rating 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 Institutes | Debt Instrument | 2023-03-16 | Initial | A | - | Stable | - |
| Entity | Sector | Rating Type | Dissemination Date | Action | LT Rating | ST Rating | Outlook | Rating Watch |
|---|---|---|---|---|---|---|---|---|
| LRA Assigns Initial Rating to LOLC Finance PLC LOLC Finance PLC Press Release | Report | Non Banking Financial Institutes | Entity | 2023-03-16 | Initial | A | - | Stable | - |
| Entity | Sector | Rating Type | Dissemination Date | Action | LT Rating | ST Rating | Outlook | Rating Watch |
|---|---|---|---|---|---|---|---|---|
| LRA Assigns Initial Rating to PMF Finance PLC PMF Finance PLC Press Release | Report | Non Banking Financial Institutes | Entity | 2023-03-01 | Initial | B+ | - | Stable | - |
| Entity | Sector | Rating Type | Dissemination Date | Action | LT Rating | ST Rating | Outlook | Rating Watch |
|---|---|---|---|---|---|---|---|---|
| LRA Assigns Initial Entity Rating to Vallibel Finance PLC Vallibel Finance PLC Press Release | Report | Non Banking Financial Institutes | Entity | 2023-02-28 | Initial | BBB+ | - | Negative | NO |
| Entity | Sector | Rating Type | Dissemination Date | Action | LT Rating | ST Rating | Outlook | Rating Watch |
|---|---|---|---|---|---|---|---|---|
| LRA Assigns Initial Rating to Alliance Finance Company PLC Alliance Finance Company PLC Press Release | Report | Non Banking Financial Institutes | Entity | 2023-02-10 | Initial | BBB- | - | Stable | - |
| Entity | Sector | Rating Type | Dissemination Date | Action | LT Rating | ST Rating | Outlook | Rating Watch |
|---|---|---|---|---|---|---|---|---|
| LRA Assigns Initial Entity Ratings to Commercial Credit and Finance PLC Commercial Credit and Finance PLC Press Release | Report | Non Banking Financial Institutes | Entity | 2023-02-07 | Initial | BBB | - | Stable | NO |
| Entity | Sector | Rating Type | Dissemination Date | Action | LT Rating | ST Rating | Outlook | Rating 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 Institutes | Debt Instrument | 2023-02-07 | Initial | A | - | Stable | NO |
| Entity | Sector | Rating Type | Dissemination Date | Action | LT Rating | ST Rating | Outlook | Rating 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 Institutes | Debt Instrument | 2023-02-02 | Preliminary | BBB | - | Stable | NO |
| Entity | Sector | Rating Type | Dissemination Date | Action | LT Rating | ST Rating | Outlook | Rating 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 Institutes | Entity | 2023-02-01 | Initial | BBB+ | - | Stable | - |
| Entity | Sector | Rating Type | Dissemination Date | Action | LT Rating | ST Rating | Outlook | Rating 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 Institutes | Debt Instrument | 2023-02-01 | Initial | BBB | - | Stable | - |
| Entity | Sector | Rating Type | Dissemination Date | Action | LT Rating | ST Rating | Outlook | Rating Watch |
|---|---|---|---|---|---|---|---|---|
| LRA Assigns Initial Entity Rating to Asia Asset Finance PLC Asia Asset Finance PLC Press Release | Report | Non Banking Financial Institutes | Entity | 2023-01-27 | Initial | A- | - | Stable | - |
| Entity | Sector | Rating Type | Dissemination Date | Action | LT Rating | ST Rating | Outlook | Rating 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 Institutes | Debt Instrument | 2023-01-27 | Initial | A | - | Stable | NO |
| Entity | Sector | Rating Type | Dissemination Date | Action | LT Rating | ST Rating | Outlook | Rating 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 Institutes | Debt Instrument | 2023-01-27 | Initial | A | - | Stable | NO |
| Entity | Sector | Rating Type | Dissemination Date | Action | LT Rating | ST Rating | Outlook | Rating 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 Institutes | Debt Instrument | 2023-01-27 | Initial | A | - | Stable | NO |
| Entity | Sector | Rating Type | Dissemination Date | Action | LT Rating | ST Rating | Outlook | Rating Watch |
|---|---|---|---|---|---|---|---|---|
| LRA Assigns Initial Entity Rating to Nawaloka Medicare (Pvt) Ltd Nawaloka Medicare (Pvt) Ltd Press Release | Report | Pharma and Chemicals | Entity | 2023-01-24 | Initial | BBB | - | Stable | - |
| Entity | Sector | Rating Type | Dissemination Date | Action | LT Rating | ST Rating | Outlook | Rating Watch |
|---|---|---|---|---|---|---|---|---|
| LRA Assigns Initial Instrument Rating to National Savings Bank - LKR 5Bn Additional Tier 1 Perpetual Bond. National Savings Bank - Additional Tier 1 Perpetual Bonds | LKR 5Bn Press Release | Report | Banks | Debt Instrument | 2022-12-30 | Initial | AA | - | Stable | NO |
| Entity | Sector | Rating Type | Dissemination Date | Action | LT Rating | ST Rating | Outlook | Rating Watch |
|---|---|---|---|---|---|---|---|---|
| LRA Assigns Initial Rating to National Savings Bank National Savings Bank Press Release | Report | Banks | Entity | 2022-12-30 | Initial | AAA | - | Stable | NO |
| Entity | Sector | Rating Type | Dissemination Date | Action | LT Rating | ST Rating | Outlook | Rating Watch |
|---|---|---|---|---|---|---|---|---|
| LRA Assigns Initial Instrument Rating to National Savings Bank - LKR 6.323bn Senior Unsecured Redeemable Debentures National Savings Bank – Senior Redeemable Debentures | LKR 6.323 bn Press Release | Report | Banks | Debt Instrument | 2022-12-30 | Initial | AA+ | - | Stable | NO |
| Entity | Sector | Rating Type | Dissemination Date | Action | LT Rating | ST Rating | Outlook | Rating Watch |
|---|---|---|---|---|---|---|---|---|
| LRA Assigns Initial Instrument Rating to National Savings Bank - LKR 11.541Bn Senior Unsecured Redeemable Debentures National Savings Bank – Senior Redeemable Debentures | LKR 11.541 bn Press Release | Report | Banks | Debt Instrument | 2022-12-30 | Initial | AA+ | - | Stable | NO |
| Entity | Sector | Rating Type | Dissemination Date | Action | LT Rating | ST Rating | Outlook | Rating Watch |
|---|---|---|---|---|---|---|---|---|
| LRA Assigns Initial Entity Rating to CIC Holdings PLC CIC Holdings PLC Press Release | Report | Holding Company | Entity | 2022-12-20 | Initial | A | - | Stable | NO |
| Entity | Sector | Rating Type | Dissemination Date | Action | LT Rating | ST Rating | Outlook | Rating Watch |
|---|---|---|---|---|---|---|---|---|
| LRA Assigns Initial Entity Rating to Sarvodaya Development Finance PLC Sarvodaya Development Finance PLC Press Release | Report | Non Banking Financial Institutes | Entity | 2022-09-21 | Initial | BB | - | Stable | - |
| Entity | Sector | Rating Type | Dissemination Date | Action | LT Rating | ST Rating | Outlook | Rating Watch |
|---|---|---|---|---|---|---|---|---|
| LRA Maintains the Entity Ratings of Litro Gas Lanka Limited Litro Gas Lanka Press Release | Report | Energy | Entity | 2022-05-09 | Maintain | A- | - | Negative | YES |
| Entity | Sector | Rating Type | Dissemination Date | Action | LT Rating | ST Rating | Outlook | Rating Watch |
|---|---|---|---|---|---|---|---|---|
| LRA Assigns Initial Stability Rating to NAMAL High Yield Fund NAMAL High Yield Fund Press Release | Report | Capital Markets | Stability Rating | 2022-03-18 | Initial | A-(f) | - | Stable | NO |
| Entity | Sector | Rating Type | Dissemination Date | Action | LT Rating | ST Rating | Outlook | Rating Watch |
|---|---|---|---|---|---|---|---|---|
| LRA Assigns Initial Ratings to Orient Finance PLC Orient Finance PLC Press Release | Report | Non Banking Financial Institutes | Entity | 2021-12-30 | Initial | BB+ | - | Stable | NO |