Loan Growth

Oct 24, 2011 (LBO) - RAM Ratings Lanka has assigned long- and short-term financial institution ratings of BBB- and P3 to Softlogic Finance with a stable outlook on the long-term rating.



The ratings are premised upon the improvement in its market position while maintaining its asset quality at a level that commensurate with the BBB-rating category, the rating agency said in a statement.

"Moreover, the ratings are also upheld by the adequate asset quality, performance, capitalisation and liquidity while being tempered by moderate funding and aggressive loan growth.

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The full ratings report follows:

RAM Ratings Lanka has assigned respective long- and short-term financial institution ratings of BBB- and P3 to Softlogic Finance PLC (SLF or the Company); the outlook on the long-term rating is stable. The ratings are premised upon the improvement in its market position while maintaining its asset quality at a level that commensurate with the BBB-rating category.

Moreover, the ratings are also upheld by the adequate asset quality, performance, capitalisation and liquidity while being tempered by moderate funding and aggressive loan growth.

Formerly known as Cap