Nation Lanka Finance assigned new credit rating

By Kurulu Kariyakarawana

Nation Lanka Finance (NLF) which passed its Rs. 5 billion assets mark recently, was assigned a new credit rating by the Investment Information Credit Rating Agency Ltd (ICRA) at an event at the Galadari last week.

The company which was taken over by a management team headed by Chairman Jayantha Dharmadasa and Finance Director Asanga Seneviratne in 2011 has shown significant improvement with a customer base of 45,000 and deposits amounting to Rs. 2 billion.

Director Finance, Asanga Seneviratne said that the newly attained B stable outlook rating will increase investor confidence in our instruments. The company would also expand its lending portfolio while focusing on microfinance and leasing, he said.