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Fitch assigns Asia Asset Finance’s Rs3bn debenture issue ‘A-(EXP)(lka)’
Debentures are likely to have a five-year maturity and will be listed on the Colombo Stock Exchange.
Summary
Fitch Ratings has assigned Asia Asset Finance PLC's (AAF, A+(lka)/Stable) proposed Sri Lankan rupee-denominated subordinated listed debentures of up to Rs.3 billion an expected National Long-Term Rating of 'A-(EXP)(lka)'. The proposed debentures are rated two notches below AAF's National Long-Term Rating.
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