Lost Crown

Conglomerate John Keells Holdings (JKH) regained its triple A status following two-year break, after clocking in impressive earnings and boosting its share capital. Conglomerate John Keells Holdings (JKH) regained its triple A status following two-year break, after clocking in impressive earnings and boosting its share capital. The premier bluechip has diversified interest in tourism, real estate, transport, financial services, IT, plantations and food and beverage.

With over 70 associates and subsidiaries under its umbrella, JKH reported a Rs. 3.4 bn operating profit over revenues of Rs. 20.9 bn for the financial year 2004.

“The rating takes into account JKH’s strong financial profile, improved credit protection measures and the group’s dominant market position in a number of business segments protected by reasonably high barriers to entry,” explains Fitch Ratings Lanka.

AAA (sri) credit rating reflects very low credit risk and an exceptionally strong ability to repay debts on time.

The largest capitalised stock on the Colombo bourse, saw its credit profile climb up a notch, due to healthy earnings from transport and leisure units, a rights is