Sri Lanka’s Fitch withdraws rating on John Keells Holdings

Mar 25, 2015 (LBO) – Sri Lanka’s Fitch Ratings has withdrawn the rating on diversified conglomerate John Keells Holdings (JKH), the rating agency said in a statement.

Prior to the withdrawal, JKH’s National Long-Term Rating was at ‘AA+(lka)’ with Stable Outlook.
The rating has been withdrawn because there will be insufficient information to maintain the rating as the issuer will no longer be taking part in the rating process, Fitch said.

“Fitch will no longer provide ratings or analytical coverage of JKH.” the statement further said.