All the long-term ratings have a stable outlook, the rating agency said. RAM Ratings Lanka has also assigned a short-term rating of P1 to the company’s proposed 500 million rupee Unsecured Commercial Paper Programme.
The full text of the statement follows:
RAM Ratings Lanka has reaffirmed Merchant Bank of Sri Lanka’s (MBSL or the Company) long- and short-term financial institution ratings at AA- and P1, respectively. At the same time, the long-term rating of AA- for the Company’s LKR 186.80 million Unsecured Unlisted Public Debentures (2007/2011) has also been reaffirmed. All the long-term ratings have a stable outlook. Meanwhile, RAM Ratings Lanka has assigned a short-term rating of P1 to the Company’s proposed LKR 500 million Unsecured Commercial Paper Programme (2010/2011).
All the ratings are supported by MBS