People's Leasing gets international ratings

People's Leasing Company PLC is the only Sri Lankan non-banking financial institution to secure two international credit ratings. The company, which is 75 percent owned by the state-owned People's Bank, secured an international rating equal to the Sovereign from Standard and Poor's ('B+/B" Rating) and an international rating one notch below the Sovereign from Fitch Ratings International ('B+' Rating); both with a "stable" outlook, a media release from the Bank said.

A specialised leasing company, People's Leasing depends on wholesale funding and is concentrated in commercial vehicle financing and is a key player in the SME market.