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June 08, 2012 (LBO) - Sri Lanka's Fitch Ratings has given an 'A(lka)' rating to a planned 500 million rupee, senior unsecured debenture to be sold by Sampath Leasing and Factoring Ltd, with a positive outlook.
The bond will pay a semi-annual fixed rate interest and will be repaid in the third and fourth year in equal bullet repayments.
Sampath Leasing also has a national long term rating of 'A(lka)' with a positive outlook.
The rating reflects assumed support from its parent, Sampath Bank Plc, which has a 'AA-(lka)' rating with a positive outlook and the strong strategic and operational links between the two firms, Fitch said.
http://www.lankabusinessonline.com/fullstory.php?nid=2002735159
The bond will pay a semi-annual fixed rate interest and will be repaid in the third and fourth year in equal bullet repayments.
Sampath Leasing also has a national long term rating of 'A(lka)' with a positive outlook.
The rating reflects assumed support from its parent, Sampath Bank Plc, which has a 'AA-(lka)' rating with a positive outlook and the strong strategic and operational links between the two firms, Fitch said.
http://www.lankabusinessonline.com/fullstory.php?nid=2002735159
