Fitch: Lion Brewery debt AA-(lka)

Fitch Ratings said it assigned Lion Brewery (Ceylon) plc's listed unsecured redeemable debentures of 3 billion in Sri Lanka rupees a final AA-(lka) rating.

The 3 billion in Sri Lanka rupees includes an additional 500 million in Sri Lanka rupees which will be raised in the event of an oversubscription.

The agency also affirmed Lion's national long-term rating at AA-(lka) with a stable outlook and affirmed the company's senior unsecured rating at AA-(lka).

Fitch said the assignment of the final rating to Lion's listed unsecured debentures follows the receipt of final documents, which conform to information previously received.

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