Fitch Upgrades Kotagala Plantations to 'B-(lka)'; Outlook Stable
Executive Intelligence Dispatch
Fitch Ratings has upgraded Kotagala Plantations PLC's National Long-Term Rating to 'B-(lka)', from 'CCC(lka) and assigned a Stable Outlook. The upgrade factors in improving liquidity as Kotagala accessed new bank financing in the financial.
Key Facts & Findings
- —Fitch Ratings has upgraded Kotagala Plantations PLC's National Long-Term Rating to 'B-(lka)', from 'CCC(lka) and assigned a Stable Outlook.
- —The upgrade factors in improving liquidity as Kotagala accessed new bank financing in the financial year ended March 2026 (FY26), and continued to deleverage by repaying debt.
- —However, the company continues to face refinancing risk because [].
Crucial for fiscal stability, CBSL monetary directives, market liquidity, and trade continuity.
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Fitch Upgrades Kotagala Plantations to 'B-(lka)'; Outlook Stable
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