Fitch Publishes ‘AAA(lka)’ Rating on Hayleys’ Proposed Debentures

Fitch Ratings has published the National Long-Term Rating of ‘AAA(lka)’ assigned to Hayleys PLC’s proposed unsecured senior redeemable debentures of up to LKR7 billion. The debentures are rated in line with Hayleys’ National Long-Term Rating and existing unsecured notes. This is because subordination risk to debenture holders from debt at subsidiaries is limited, provided the […]