United States Virginia change
Sri Lanka Breaking News
Sri Lanka parliament
vivalankaSri Lanka newsSri Lanka businessSri Lanka sportsSri Lanka technologySri Lanka travelSri Lanka videosSri Lanka eventssinhala newstamil newsSri Lanka business directory
vivalanka advertising
Stay Connected
Popular Searches
T20 World Cup
Sponsored Links
Sri Lanka Explorer

Fitch affirms JKH’s AAA rating

Aug 18, 2011 8:17:49 AM - www.ft.lk

Fitch Ratings said today it has affirmed John Keells Holdings PLC's (JKH) National Long-Term rating at 'AAA(lka)'. The Outlook is Stable.
The affirmation reflects JKH's resilience of dividend inflows to, and resultant low financial leverage (net debt/EBITDA excluding non-recurring items) at the holding company (HoldCo).
This is in turn driven by the strong competitive positions of most of its key operating companies. Fitch also notes that the risk of structural subordination of HoldCo creditors is low
as JKH's key dividend-paying companies have minimal debt on their balance sheets.

Business: (Latest Stories)