FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

LISTED COMPANIES

Submit Post



Poll

Can there be another Covid-19 wave in Sri Lanka?

Fitch Rates People’s Leasing’s proposed CP ‘F1+(lka)’ Vote_lcap68%Fitch Rates People’s Leasing’s proposed CP ‘F1+(lka)’ Vote_rcap 68% [ 178 ]
Fitch Rates People’s Leasing’s proposed CP ‘F1+(lka)’ Vote_lcap18%Fitch Rates People’s Leasing’s proposed CP ‘F1+(lka)’ Vote_rcap 18% [ 47 ]
Fitch Rates People’s Leasing’s proposed CP ‘F1+(lka)’ Vote_lcap13%Fitch Rates People’s Leasing’s proposed CP ‘F1+(lka)’ Vote_rcap 13% [ 35 ]

Total Votes : 260

STOCK MARKET TRAINING
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



EXPERT CHRONICLE™

MARKET CHAT


CHRONICLE™ ANALYTICS


ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

LATEST TWEETS

You are not connected. Please login or register

FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Fitch Rates People’s Leasing’s proposed CP ‘F1+(lka)’

Fitch Rates People’s Leasing’s proposed CP ‘F1+(lka)’

Go down  Message [Page 1 of 1]

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics

Fitch Ratings Lanka has assigned People’s Leasing Company PLC’s proposed issue of commercial paper of up to Rs. 1 billion a National Short-Term ‘F1+(lka)’ rating.

According to Fitch, the proposed notes will have a tenor of up to one year, and will be used to finance the company’s working capital requirements.

The agency says, the ratings reflect potential extraordinary support from the government through PLC’s state-owned parent, People’s Bank, in times of distress.

People’s Bank owns 75% of PLC.

“This is based on the strong linkages between PLC and PB, the subsidiary’s strategic importance to PB, as well as the consequent reputation risk to the government if PLC were to default on its financial obligations” added the rating rating release.

Fitch says, People’s Bank’s capacity to support PLC is derived from the financial capacity and propensity of the government of Sri Lanka, given the bank’s increasing role in Sri Lanka’s post-war economic development and its high systemic importance.

Peoples Leasing is the largest non-bank financial institution in Sri Lanka by advances, with a 21% share of the market at end-2011.

According to Fitch, at end-June 2012, its total assets and post-tax profits stood at Rs. 96 billion and Rs. 720 million respectively.
http://www.news360.lk/business-finance/debt-rating-fitch-rates-31-10-2012-peoples-leasings-proposed-cp-f1lka-890675

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum