CRA Lanka Limited has assigned the issue ratings of [SL]A with a Stable outlook for the proposed LKR 2,000 Mn Senior Unsecured Unlisted Rated Redeemable Debenture programme of LOLC Holdings PLC.
ICRA Lanka has an outstanding issuer rating of [SL]A with a Stable outlook for LOLC Holdings PLC.
ICRA Lanka also has outstanding issue ratings of [SL]A with Stable outlook for LKR 5,000 Mn Senior Unsecured Redeemable Debenture Programme, [SL]A with Stable outlook for the outstanding LKR 2,000 Mn Senior Unsecured Redeemable Debenture Programme, [SL]A with Stable outlook for the outstanding LKR 10,000 Mn Senior, Redeemable Debenture Programme and the issue rating of [SL]A1 rating for the LKR 3,000 Mn Commercial Paper Programme of the Company.
ICRA Lanka has taken a consolidated view of the performance of the LOLC group, which has interests in various segments including financial services, insurance, manufacturing, trading, plantations, renewable energy and leisure for arriving at the ratings.
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