Healthy Profile

Jan 10, 2012 (LBO) – RAM Ratings Lanka has assigned long- and short-term corporate credit ratings of A+ and P1 to Lanka Hospitals Corporation with the long-term rating having a stable outlook. “The ratings are upheld by the hospital™s strong financial profile, liquidity, ongoing state support and the positive outlook for the private healthcare industry,” a statement said.

“On the other hand, the ratings are tempered by LHC™s moderate profitability; coupled with the fragmented nature of the private healthcare industry and the shortage of skilled personnel in the industry.”

The full rating report follows:
RAM Ratings Lanka has assigned respective long- and short-term corporate credit ratings of A+ and P1 to Lanka Hospitals Corporation PLC (LHC or the Hospital). The long-term rating has a stable outlook. The ratings are upheld by the Hospital™s strong financial profile, liquidity, ongoing state support and the positive outlook for the private healthcare industry. On the other hand, the ratings are tempered by LHC™s moderate profitability; coupled with the fragmented nature of the private healthcare industry and the shortage of skilled personnel in the industry.

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