ECONOMYNEXT – Sri Lanka’s CBC Finance LTD’s proposed debenture issue of 1.5 billion has been assigned a National Long-Term Rating of ‘BBB+(lka)’ by Fitch Ratings. “The rating reflects our baseline notching for loss severity for this debt class and our expectation of poor recoveries in the event of default,” the ratings agency said. The full statement is reproduced below: Fitch Assigns CBC Finance’s Proposed Subordinated Debt ‘BBB+(lka)’ Rating Fitch Ratings has assigned CBC Finance LTD’s (CBCF, A(lka)/Stable) proposed Sri Lankan rupee-denominated subordinated listed debentures of up to LKR1.5 billion a National Long-Term Rating of ‘BBB+(lka)’. The proposed debentures will carry…
Sri Lanka CBC Finance’s debt rated ‘BBB+(lka)’ by Fitch
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