Fitch downgrades Melsta Regal Finance; affirms 9 Sri Lankan Finance Companies

July 17, 2018 (LBO) – Fitch Ratings Lanka has downgraded Melsta Regal Finance’s National Long-Term Rating to ‘B(lka)’ from ‘A+(lka)’ and removed the Rating Watch Evolving while assigning a Stable Outlook.

The agency has also affirmed the ratings of the following nine finance companies:

– Central Finance Company PLC (CF)
– LB Finance PLC (LB)
– Senkadagala Finance PLC (Senka)
– Singer Finance (Lanka) PLC (SFL)
– Mercantile Investments and Finance PLC (MIF)
– People’s Leasing & Finance PLC (PLC)
– HNB Grameen Finance Limited (HGL)
– AMW Capital Leasing And Finance PLC (AMWCL)
– Siyapatha Finance PLC (Siyapatha)

Fitch Downgrades Melsta Regal Finance_ Affirms Nine Sri Lankan Finance Companies Jul 2018