The full statement is reproduced below:-
RAM Ratings Lanka assigns BBB+/P2 corporate credit ratings to Dunamis Capital PLC
RAM Ratings Lanka has assigned Dunamis Capital PLC (Dunamis or the Company) respective long- and shortterm corporate credit ratings of BBB+ and P2.
Concurrently, we have assigned an initial issue rating of BBB to the Company’s proposed LKR1 billion Senior, Unsecured, Redeemable Debentures.
The long-term rating has a stable outlook. Dunamis is a holding company with interests in primary dealing, stock brokering, margin trading, debt structuring, asset management, property development and manufacturing. The Company and its subsidiaries are collectively referred to as the Group.
The Company’s primary income generator is its financial services arm, held by First Capital Holdings P