"Meanwhile, Bimputh’s ratings are weighed down by its weak funding, moderate performance, small stature and the lack of seasoning for its new loan products.
"Nonetheless, the ratings are supported by the Company’s good liquidity and strong capitalisation levels, along with the financial flexibility derived from its ultimate parent, Daya Group (Pvt) Ltd."
The full statement is reproduced below
RAM Ratings Lanka lifts negative rating watch on Bimputh Lanka Investments PLC; downgrades ratings to BB-/NP RAM Ratings Lanka has downgraded the long-term financial institution rating of Bimputh Lanka Investments PLC (Bimputh or the Company), from BB to BB-. At the same time, the short-term rating has been reaffirmed at NP. Meanwhile, the Rating Watch