LCB Finance Limited

ICRA Lanka suspends the issuer rating of Lanka Credit and Business Finance Limited

Instrument Current Rated Amount Rating Action
Issuer Rating N/A [SL]B with Stable Outlook; Suspended

ICRA Lanka Limited, Subsidiary of ICRA Limited, group company of Moody’s Investors Service, has suspended the issuer rating of [SL]B (pronounced  SL B ) with Stable outlook  assigned to Lanka Credit and Business Finance Limited (“LCB”/“the Company”), as the Company has not provided the requisite information to carry out surveillances of the rating.  This is in accordance with ICRA Lanka’s Suspension and Withdrawal Policy.  

Links to previous rating rationale:

ANALYST CONTACTS

Mr. Rasanga Weliwatte +94 11 4339907 rasanga@icralanka.com Mr. Dasith Fernado, +94 11 4339907 dasith@icralanka.com

RELATIONSHIP CONTACT

Mr. W. Don Barnabas   +94 11 4339907 wdbarnabas@icralanka.com      

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ICRA Lanka ratings should not be treated as recommendation to buy, sell or hold the rated debt instruments. ICRA Lanka ratings are subject to a process of surveillance, which may lead to revision in ratings. An ICRA Lanka rating is a symbolic indicator of ICRA Lanka’s current opinion on the relative capability of the issuer concerned to timely service debts and obligations, with reference to the instrument rated. Please visit our website www.icralanka.com or contact ICRA Lanka’s office for the latest information on ICRA Lanka ratings outstanding. All information contained herein has been obtained by ICRA Lanka from sources believed by it to be accurate and reliable, including the rated issuer. ICRA Lanka however has not conducted any audit of the rated issuer or of the information provided by it. While reasonable care has been taken to ensure that the information herein is true, such information is provided ‘as is’ without any warranty of any kind, and ICRA Lanka in particular, makes no representation or warranty, express or implied, as to the accuracy, timeliness or completeness of any such information. Also, ICRA Lanka or any of its group companies may have provided services other than rating to the issuer rated. All information contained herein must be construed solely as statements of opinion, and ICRA Lanka shall not be liable for any losses incurred by users from any use of this publication or its contents.