ICRA Lanka Limited, a wholly owned subsidiary of ICRA Ltd, has assigned the Issuer rating of [SL]A- (pronounced SL A minus) with a stable outlook to First Capital Treasuries Limited.
ICRA Lanka has also assigned the [SL]BBB+ rating with stable outlook to the Rs 500 m Subordinated Unsecured redeemable Debenture programme of the company.
The ratings factor in FCTL's position as an established Standalone Primary Dealer in Sri Lanka with a long track record, established franchise and clientele. The rating also factors in the prudent internal control and processes, along with the adequate risk management systems put in place, which is commensurate in relation to the risks intrinsic to a Primary Dealer's business.
www.dailynews.lk
ICRA Lanka has also assigned the [SL]BBB+ rating with stable outlook to the Rs 500 m Subordinated Unsecured redeemable Debenture programme of the company.
The ratings factor in FCTL's position as an established Standalone Primary Dealer in Sri Lanka with a long track record, established franchise and clientele. The rating also factors in the prudent internal control and processes, along with the adequate risk management systems put in place, which is commensurate in relation to the risks intrinsic to a Primary Dealer's business.
www.dailynews.lk
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