ICRA Lanka reaffirms long-term & short-term ratings of First Capital Holdings

Jan 09, 2020 (LBO) – ICRA Lanka Limited, subsidiary of ICRA Limited, a group company of Moody’s Investors Service, has reaffirmed the issuer rating of [SL]A- with stable outlook for First Capital Holdings (FCH).

ICRA Lanka has also reaffirmed the [SL]A2+ rating for the LKR 1,500Mn commercial paper programme of FCH.

ICRA Lanka has also withdrawn the outstanding issue rating of [SL]A-(stable) on the LKR 185Mn senior unsecured redeemable debentures of the Company, as the said debentures have matured and there is no amount outstanding against the rated instrument.