📈 Fitch Assigns ‘A-(EXP)(lka)’ Rating to Asia Asset Finance's LKR 3 Bn Debenture Issue

• Financial Services & Capital Markets: Fitch Ratings assigned an expected National Long-Term Rating of 'A-(EXP)(lka)' to Asia Asset Finance PLC’s (AAF) proposed subordinated listed debentures of up to LKR 3 Bn. • Key Issue Details: - Maturity: 5-year term, to be listed on the Colombo Stock Exchange. - Use of Funds: To bolster Tier 2 capital and fund loan-book expansion, focused on core gold-backed loans. • Rating Driver: The issue is rated two notches below AAF’s National Long-Term Rating of 'A+(lka)/Stable'. The rating is supported by expected extraordinary backing from parent company India-based Muthoot Finance Ltd, which holds a 78.4% stake. • Status: Final rating remains subject to receipt of final conforming documentation.