Thursday 29 September 2016

ICRA Lanka assigns [SL]BB+ rating to Orient Finance Lanka Limited

ICRA Lanka Limited, a group company of Moody’s Investors Service has assigned the Issuer rating of [SL]BB+ with a stable outlook to Orient Finance.

ICRA Lanka has also assigned the issue rating of [SL]A-(SO)with a stable outlook to the Rs 1,000 million Rated Guaranteed Redeemable Debentures programme of OFP. The issuer rating assigned to OFP draws comfort from OFP’s parent company Janashakthi PLC’s support onfinancial, managerial and operational aspects along with its experienced Board and senior management team.
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