Fitch Ratings Lanka has downgraded Melsta Regal Finance Ltd.’s (MRF) National Long-Term Rating to ‘B(lka)’ from ‘A+(lka)’ and removed the Rating Watch Evolving (RWE).
A Stable Outlook has been assigned. The agency has also affirmed the ratings of the following nine finance companies: - Central Finance Company PLC (CF), LB Finance PLC (LB),Senkadagala Finance PLC (Senka), Singer Finance (Lanka) PLC (SFL), Mercantile Investments and Finance PLC (MIF), People’s Leasing & Finance PLC (PLC), HNB Grameen Finance Limited (HGL), AMW Capital Leasing And Finance PLC (AMWCL), Siyapatha Finance PLC (Siyapatha).
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