Fitch Ratings Lanka recently upgraded Asia Asset Finance PLC’s (AAF) credit rating to A+ (Stable) from A- (Stable). This reaffirms AAF’s position as one of Sri Lanka’s premier licensed finance companies. This upgraded rating underscores the company’s strength, stability and trust, and serves as a testament to its ability to manoeuvre in a dynamic business environment. It also places AAF in an elite group of Sri Lanka’s most trusted financial institutions. This success is further bolstered by the strong support AAF enjoys from its parent company, Muthoot Finance Limited (MFL), a leading Gold Loans provider in India, which provides both technical and financial support to AAF.
CEO at Asia Asset Finance, Rajiv Gunawardena said, “Our positively revised rating is a reflection of our stability and trust as the leading provider of Gold Loans and other gold-based financial services in Sri Lanka. We remain committed to our customers and look forward to supporting them to achieve their aspirations. With the support of our parent company, we are confident that we will continue to provide exceptional gold-based financial products and services, and we look forward to the further growth and stability as Sri Lanka’s economy recovery emerges.”
