Fitch rates SLT’s debenture ‘AAA(lka) (EXP)’ | Daily News

Fitch rates SLT’s debenture ‘AAA(lka) (EXP)’

Fitch Ratings has assigned Sri Lanka Telecom PLC’s (SLT, AAA(lka)/Stable) proposed senior unsecured debenture issue of up to Rs 7 billion an expected National Long-Term Rating of ‘AAA(lka)(EXP)’.

The debentures will have a tenor of 10 years and carry fixed coupons.The debentures will be listed on the Colombo Stock Exchange, with the proceeds to be used to refinance its short-term debt and fund SLT’s capex plans.

SLT’s senior unsecured debt is rated at the same level as its National Long-Term Rating, as the debentures rank equally with other senior unsecured obligations.

The final rating is subject to the receipt of final documents conforming to information already received.


 

Add new comment

Or log in with...