ICRA Lanka assigns [SL]A rating for senior debt of LOLC | Daily News

ICRA Lanka assigns [SL]A rating for senior debt of LOLC

ICRA Lanka Limited has assigned the issue ratings of [SL] A with a stable outlook for the proposed LKR 10 Bn Senior Unsecured Redeemable Debenture Programme of LOLC Holdings.

The group performance is primarily driven by the finance sector of the group and hence the ratings reflect the same.

The ratings factor in the group’s long track record and leadership position in the Sri Lankan NBFI sector, its experienced management team, commensurate risk management systems and its adequate funding profile.