Analyst
Gayani Randima Ariyawansa
gayani@lra.com.lk
+94 114 500099
www.lra.com.lk
Applicable Criteria
Related Research
LRA Withdraws the Entity Rating of Litro Gas Lanka Limited
Rating Type | Entity | |
Current (22-Feb-24) |
Previous (09-May-22) |
|
Action | Withdraw | Maintain |
Long Term | - | A- |
Outlook | Negative | |
Rating Watch | - | Yes |
Subsequent to the management's decision to discontinue the rating, LRA withdraws the entity rating of Litro Gas Lanka Ltd with immediate effect.
About
the Entity
Litro Gas Lanka Limited is a limited liability company incorporated under the Companies Act, No. 07 of 2007 of Sri Lanka. The Company was established in 1872 and is currently owned by the Sri Lanka Insurance Corporation (SLIC). Litro Gas is principally involved in importation, processing, storing, distributing and sale of Liquid Petroleum Gas (LPG). The CEO and Chairman, Mr. Muditha S. G. Peiris is a well-known business professional with an ample experience in the LPG industry. Litro Gas Lanka's Board of Directors (BoD) consists of nine members including the CEO.