Moody’s ICRA Lanka upgrades rating of Vallibel Finance PLC

ICRA Lanka, a rating agency belonging to the Moody’s has upgraded the rating of Vallibel Finance PLC to [SL] BBB with a stable rating from the previous [SL] BBB-.

Announcing its latest rating, ICRA said that it had factored in Vallibel’s ability to grow its portfolio while maintaining a comfortable assets quality and profitability indicators. A notable strength of the company, as noted by ICRA, is the financial and managerial support of the Vallibel Group, whose name-bearer is Vallibel Finance PLC.

 

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