Fitch Ratings has confirmed Sri Lanka’s Lion Brewery (Ceylon) PLC’s (Lion) National Long-Term Rating of ‘AA-(lka)’ with a Stable outlook.
Fitch has also confirmed the National Long-Term Rating of ‘AA-(lka)’ on Lion’s outstanding senior unsecured debentures, a statement said.
“Fitch has maintained a Stable outlook despite Lion’s weakening credit metrics due to the one-time disruption to production caused by floods in May 2016,” it said.
“Fitch believes the brewery is well placed to recover from the floods and expects its financial profile to remain consistent with its rating.”
