Economy & businessUpdated
Fitch Assigns Asia Asset Finance’s Proposed Senior Debt ‘A+(EXP)(lka)’ Rating
From Lanka Business Online ·
Headline from Lanka Business Online
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Photo: LBOAI summary · 1 min read
1 min readFrom 1 outlets- The proposed debentures are expected to mature in five years and be listed on the Colombo Stock Exchange.
- Asia Asset Finance plans to use the proceeds to expand its loan book.
- Fitch says the debt ranks equally with the company’s other senior unsecured obligations.
- Fitch cites expected support from parent Muthoot Finance as a key factor in Asia Asset Finance’s rating.
Based on: LBOWritten by AI from LBOthese outlets’ reports. Not reviewed by an editor. It can be wrong — the original reports are the authority. .
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Earlier coverage
Reports on the same subject from the months before this story.
- Lanka Business Online · Fitch Rates Merchant Bank of Sri Lanka’s Proposed Subordinated Debt ‘BBB+(EXP)(lka)’
- Hiru News · Fitch assigns ‘A(lka)’ rating to Sampath Bank’s proposed Rs. 10 billion debentures
- EconomyNext · Fitch Ratings recalibrates Sri Lanka’s national rating scale
- Lanka Business Online · Fitch Assigns CBC Finance’s Proposed Subordinated Debt ‘BBB+(EXP)(lka)’ Rating
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