Janashakthi Limited

ICRA Lanka suspends the issuer rating of Janashakthi Limited

Instrument*Rated Amount (LKR Mn)Rating Action
Issuer RatingN/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

Analysts
Apsara Thurairetnam
Senior Analyst
+94-766781590
apsara@icralanka.com

Sahil Udani
Assistant Vice President
+91-22-6114-3429
sahil.udani@icraindia.com

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