An Echelon Media Company
Saturday May 15th, 2021
Bonds & Forex

Sri Lanka’s Softlogic Holdings no longer rated by Fitch

Nov 03, 2014 (EconomyNext) – Fitch Ratings said it was withdrawing the ratings given to Sri Lanka’s Softlogic Holdings Plc and its senior unsecured debentures, saying the firm was not releasing enough information.

"The ratings have been withdrawn due to insufficient information to maintain the ratings," the Fitch said.

"While the Issuer has provided Fitch with some information, we have not received sufficient information. Fitch will no longer provide rating or analytical coverage of this issuer."

The full statement is reproduced below:

Fitch Withdraws Ratings on Softlogic Holdings

Fitch Ratings-Colombo/Sydney-03 November 2014: Fitch Ratings has withdrawn Softlogic Holdings Plc’s (SHL) National Long-Term Rating of ‘BBB-(lka)’ and the ‘BBB-(lka)’ rating on the company’s senior unsecured redeemable debentures. Both ratings were on Rating Watch Negative.

The ratings have been withdrawn due to insufficient information to maintain the ratings. While the Issuer has provided Fitch with some information, we have not received sufficient information. Fitch will no longer provide rating or analytical coverage of this issuer.
 

Leave a Comment

Your email address will not be published. Required fields are marked *

Your email address will not be published. Required fields are marked *

Comments

Leave a Comment

Your email address will not be published. Required fields are marked *

Your email address will not be published. Required fields are marked *