Rating Archives - Lanka Business News

March 20, 2025

First Capital Treasuries PLC and Lanka Rating Agency Ltd (LRA) are pleased to jointly announce the upgrade of First Capital Treasuries PLC’s credit rating to ‘A+’ from ‘A’, reflecting the company’s strengthened financial position, robust risk management practices, and continued excellence in Sri Lanka’s capital markets. The rating upgrade comes after a comprehensive assessment of […]

March 12, 2025

Siyapatha Finance PLC’s National Long-Term Rating was recently upgraded to ‘A(lka)’ from ‘BBB+(lka)’ by Fitch Ratings, reflecting a positive evaluation of the institute’s robust financial profile, creditworthiness and firm linkage maintained with its parent bank. Siyapatha’s upgraded rating is attributed to the steady growth of the company’s financial profile amidst socio-economic shocks, reflecting the entity’s […]

January 28, 2025

Colombo, 28.01.2025: Seylan Bank PLC’s National Long-Term Rating has been upgraded by two notches to ‘A+(lka)’ from ‘A-(lka)’, with a Stable outlook by Fitch Ratings recently. The noteworthy two-notch upgrade, part of Fitch Rating’s recalibration of the Sri Lankan national rating scale following the sovereign upgrade, reflects Seylan Bank’s financial stability and stable market position […]

September 12, 2024

Sri Lanka’s leading tyre manufacturer CEAT Kelani Holdings (CKH) has been assigned a National Long-Term rating of ‘AA+(lka)/Outlook Stable’ by Fitch Ratings for a fourth consecutive year, a rating Fitch said is supported by CEAT’s sustained leadership in the domestic pneumatic tyre manufacturing industry and the resilience of its financial profile. In its announcement, Fitch […]

July 9, 2024

Tuesday 9th July 2024, Colombo – The Lanka Rating Agency has assigned WealthTrust Securities Limited with an Initial Entity Rating of (A-) with a stable outlook. WealthTrust Securities Limited (WTSL) commenced operation in the year 2011 as an authorized standalone Primary Dealer (PD) appointed by the Central Bank of Sri Lanka and has demonstrated remarkable […]

May 13, 2024

13th May 2024, Colombo: Janashakthi Limited (JXG), the parent entity of the Janashakthi Group of Companies, announces a three-notch upgrade in its credit rating by Lanka Rating Agency (LRA) from BB- to BBB-. This upgrade signifies a shift from moderate risk to investment grade, reinforcing Janashakthi Group’s strength, stability, and sustained growth in the sectors […]

July 12, 2023

CEAT Kelani Holdings (CKH) has been assigned a National Long-Term rating of ‘AA+(lka)/Stable’ by Fitch Ratings for a third consecutive year, a rating the Agency says reflects the Company’s position as a leading domestic manufacturer of vehicle tyres and its strong financial profile. In its announcement, Fitch Ratings said: “The affirmation and […]

March 30, 2022

UB Finance Co Ltd, one of Sri Lanka’s premier licensed finance companies (LFCs) and a subsidiary of Union Bank PLC, has announced that ICRA Lanka has reaffirmed its Issuer Rating of [SL]BB, while revising its outlook upwards from “Stable” to “Positive”. This gives UB Finance Co Ltd an Issuer Rating of […]

April 18, 2020

Moody’s Investors Service (“Moody’s”) has today placed the Government of Sri Lanka’s long-term foreign currency issuer and senior unsecured B2 ratings under review for downgrade. The decision to place Sri Lanka’s ratings on review for downgrade is prompted by Moody’s assessment that the acute tightening in global financing conditions, fall in export revenue, and sharp […]

Lanka Rating Agency Limited Upgrades First Capital Treasuries to A+

Fitch Upgrades Siyapatha Finance’s Ratings to ‘A(lka)’; Outlook Stable

Seylan Bank’s National Rating upgraded to ‘A+(lka)’ by Fitch Ratings

CEAT Kelani Holdings rated AA+ by Fitch for 4th successive year

LRA Assigns Initial Entity Rating of A- with a Stable Outlook to WealthTrust Securities Limited

LRA upgrades Janashakthi Limited (JXG) to Investment Grade

CEAT Kelani Holdings reaffirmed AA+ by Fitch for 3rd consecutive year

ICRA Reaffirms UB Finance’s [SL]BB Issuer Rating, Revises Outlook to “Positive”

Moody’s places Sri Lanka’s B2 ratings on review for downgrade