Fitch Assigns CBC Finance's Proposed Subordinated Debt 'BBB+(EXP)(lka)' Rating
Executive Intelligence Dispatch
Fitch Ratings has assigned CBC Finance PLC's (CBCF, A(lka)/Stable) proposed Sri Lankan rupee-denominated subordinated listed debentures of up to LKR1 billion an expected National Long-Term Rating of 'BBB+(EXP)(lka)'. The proposed debentures...
Key Facts & Findings
- —Fitch Ratings has assigned CBC Finance PLC's (CBCF, A(lka)/Stable) proposed Sri Lankan rupee-denominated subordinated listed debentures of up to LKR1 billion an expected National Long-Term Rating of 'BBB+(EXP)(lka)'.
- —The proposed debentures are likely to have a maturity of five years and are to be listed on the Colombo Stock Exchange.
- —The company plans to use [].
Crucial for fiscal stability, CBSL monetary directives, market liquidity, and trade continuity.
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Fitch Assigns CBC Finance's Proposed Subordinated Debt 'BBB+(EXP)(lka)' Rating
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