July 17, 2018 (LBO) – Fitch Ratings Lanka has downgraded Melsta Regal Finance's National Long-Term Rating to 'B(lka)' from 'A+(lka)' and removed the Rating Watch Evolving while assigning a Stable Outlook.
The agency has also affirmed the ratings of the following nine finance companies:
- Central Finance Company PLC (CF)
- LB Finance PLC (LB)
- Senkadagala Finance PLC (Senka)
- Singer Finance (Lanka) PLC (SFL)
- Mercantile Investments and Finance PLC (MIF)
- People's Leasing & Finance PLC (PLC)
- HNB Grameen Finance Limited (HGL)
- AMW Capital Leasing And Finance PLC (AMWCL)
- Siyapatha Finance PLC (Siyapatha)
Fitch Downgrades Melsta Regal Finance_ Affirms Nine Sri Lankan Finance Companies Jul 2018
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