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Fitch Ratings has assigned Central Finance Company 's issue of senior secured redeemable debentures of up to Rs 3bn a final National Long-Term Rating of 'A+(lka)'
The final rating is the same as the expected rating assigned on April 8 2015, and follows the receipt of documents conforming to information already received.
The debenture will have a maturity of between three to five years, carry a fixed-rate coupon, and will be listed on the Colombo Stock Exchange. CF expects to use the proceeds to fund lending growth, reduce structural maturity mismatches and diversify the funding mix. The rating on the issue will move in tandem with CF's National Long-Term Rating.
Courtesy: Daily News 20 May 2015
The final rating is the same as the expected rating assigned on April 8 2015, and follows the receipt of documents conforming to information already received.
The debenture will have a maturity of between three to five years, carry a fixed-rate coupon, and will be listed on the Colombo Stock Exchange. CF expects to use the proceeds to fund lending growth, reduce structural maturity mismatches and diversify the funding mix. The rating on the issue will move in tandem with CF's National Long-Term Rating.
Courtesy: Daily News 20 May 2015
