Apr 22, 2014 (LBO) – Sri Lanka’s Dunamis Capital Plc, had been rated ‘BBB+’ with a ‘stable’ outlook and a proposed debt billion rupee debt sale ‘BBB’ by Colombo based Ram Ratings Lanka Plc. Dunamis has interests in primary dealing, stock brokering, margin trading, debt structuring, asset management and property development.
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.
we have assigned an initial issue rating of BBB to the
Company’s proposed LKR1 billion Senior, Unsecured,
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