RAM reaffirms SLF's BBB-/P3 ratings

RAM Ratings Lanka has reaffirmed Softlogic Finance PLC's (SLF) long- and short-term financial institution ratings of BBB- and P3.

The BBB-ratings of the company's Rs 500 million Redeemable Senior Debentures (2012/2014) and Rs 200 million Unsecured Commercial Papers (2012/2013) upon the redeemed facility have been withdrawn, a media release said. Concurrently, a long and short term ratings of BBB- and P3 have been assigned to SLF's proposed Rs 500 million Listed Senior Unsecured Redeemable Debentures (2013/2016), and a short-term rating of P3 to the company's proposed Rs 200 million Unsecured Commercial Papers (2013/2014). The long-term ratings carry a stable outlook, the release said.