Fitch affirms Richard Pieris & Company at ‘A(lka)’; Outlook Stable

Fitch Ratings has affirmed Sri Lanka-based conglomerate Richard Pieris & Company PLC’s (RICH) National Long-Term rating at ‘A(lka)’ with a Stable Outlook. Fitch has also affirmed the National ratings on RICH’s outstanding senior unsecured debentures at ‘A(lka)’.

RICH’s rating reflects the group’s strong diversification, market leadership in most end-markets and its established operations. 

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