ICRA Lanka suspends the issuer rating of Janashakthi Limited
|Instrument*||Rated Amount (LKR Mn)||Rating Action|
|Issuer Rating||N/A||[SL]BB+ with Negative Outlook; Suspended|
ICRA Lanka Limited has suspended the issuer rating of [SL]BB+ (pronounced SL double B plus) with Negative outlook assigned to Janashakthi Limited (“JL”/“the Company”). This is in accordance with ICRA Lanka’s Suspension and Withdrawal Policy.
Link to previous rating rationale: https://www.icralanka.com/rationale/icra-lanka-revises-the-issuer-rating-of-janashakthi-limited-retains-negative-outlook/
Links to applicable criteria: ICRA Lanka’s Suspension and Withdrawal Policy
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