LANKA RATING WITHDRAWS


the Preliminary Debt Instrument Rating of

LRA Logo

Commercial Credit & Finance PLC - Listed, Rated, Unsecured, Subordinated, Redeemable - High Yield Bond Issue - LKR 5bn - 5-Year

20-Feb-26

01

Applicable Criteria

Methodology | Debt Instrument Rating | Aug-24

02

Related Research

Sector Study | Leasing & Finance Companies | Feb-25


03

Analyst

Gayani Randima Ariyawansa | gayani@lra.com.lk
+94 114 500099 | www.lra.com.lk

PRESS
RELEASE

DISCLAIMER

This press release is being transmitted for the sole purpose of dissemination through print/electronic media. The press release may be used in full or in part without changing the meaning or context thereof with due credit to LRA

LRA Logo
Rating Type Debt Instrument
Current
(20-Feb-26) 		Previous
(01-Sep-25)
Action Withdraw Preliminary
Rating - BBB-
Outlook Stable
Rating Watch - Yes


Subsequent to the management's decision to discontinue the issue of the proposed Listed, Rated, Unsecured, Subordinated, Redeemable - High Yield Bond Issue - LKR 5bn due to the prevailing adverse market conditions, Lanka Rating withdraws the debt instrument rating of Listed, Rated, Unsecured, Subordinated, Redeemable - High Yield Bond Issue - LKR 5bn with immediate effect.

LRA Logo

About the Entity

Commercial Credit and Finance PLC was established as a limited liability company in 1982 under the provisions of the Companies Ordinance No. 17 of 1982 and later re-registered under the Companies Act No. 07 of 2007. In 2011, CCFP was listed on the Colombo Stock Exchange (CSE). The main shareholder is B. G. Investments (Pvt) Ltd (50.25%) and is governed by a Board of Directors comprising nine members. The CEO, Mr. R. S. Egodage, is supported by a capable management team.


About the Instrument

The Company intends to raise upto LKR~5.0bn Tier 2 Listed Rated Unsecured Subordinated Redeemable High Yield Bonds at a par value of LKR 100/-. The bond has two types, namely Type A and Type B. Type A bonds coupon will be paid annually, and Type B bonds coupons will be paid quarterly. The issue is primarily aimed at augmenting the Company's capital position, aligning the asset-liability maturity profile by raising 5-year funding, and meeting the repayment obligation of LKR~1.3bn debenture. Proceeds may also be utilized to repay maturing debt/bonds and for portfolio growth.

Lanka Rating Agency Limited

No. 145,
Kynsey Road, Colombo 00800, Sri Lanka

Tel: +94 11 450 0099

Web: http://lra.com.lk

E-mail: info@lra.com.lk