Fitch downgrades Melsta Regal Finance; affirms 9 Sri Lankan Finance Companies

July 17, 2018 (LBO) – Fitch Ratings Lanka has downgraded Melsta Regal Finance's National Long-Term Rating to 'B(lka)' from 'A+(lka)' and removed the Rating Watch Evolving while assigning a Stable Outlook. The agency has also affirmed the ratings of the following nine finance companies: - Central Finance Company PLC (CF) - LB Finance PLC (LB) - Senkadagala Finance PLC (Senka) - Singer Finance (Lanka) PLC (SFL) - Mercantile Investments and Finance PLC (MIF) - People's Leasing & Finance PLC (PLC) - HNB Grameen Finance Limited (HGL) - AMW Capital Leasing And Finance PLC (AMWCL) - Siyapatha Finance PLC (Siyapatha) Fitch Downgrades Melsta Regal Finance_ Affirms Nine Sri Lankan Finance Companies Jul 2018