Fitch Rates Central Finance's Proposed Senior Debt 'A+(lka)(EXP)'

April 8, 2015 6:35 AM

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(The following statement was released by the rating agency) COLOMBO/TAIPEI, April 08 (Fitch) Fitch Ratings has assigned Central Finance Company PLC's (CF; A+(lka)/Stable) proposed senior secured debentures of up to LKR3.0bn an expected National Long-Term Rating of 'A+(lka)(EXP)'.

The proposed debentures will have tenors of between three and five years, and fixed-rate coupons. CF expects to use the proceeds to fund lending growth, reduce structural maturity mismatches and diversify the funding mix. The debentures are secured by receivables from identified hire-purchase and le...

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