COLOMBO: Fitch Ratings said it has confirmed the National Long-Term Rating of Sri Lankan diversified conglomerate Sunshine Holdings at ‘A(lka)’ with a stable outlook.
“The rating on the company reflects its exposure to defensive end-markets, strong positions in the markets for its key products and strong free cash flow generation despite short-term pressures faced by some its key operating subsidiaries,” a statement said.
It said the rating also reflects Fitch’s expectations that the group is likely to maintain a low level of leverage.
Fitch Ratings-Colombo-02 December 2016: Fitch Ratings has affirmed Sri Lanka-based diversified conglomerate Sunshine Holdings PLC’s National Long-Term Rating at ‘A(lka)’. The Outlook is Stable.
The rating on the company reflects its exposure to defensive end-markets, strong positions in the markets for its key products and strong free cash flow generation despite short-term pressures faced by some its key operating subsidiaries. The rating also reflects Fitch’s expectations that the group is likely to maintain a low level of leverage.
