Fitch affirms Aitken Spence’s senior unsecured notes as ‘AA’

16 Mar

FITCH Ratings said yesterday it has affirmed Sri Lanka’s Aitken Spence PLC’s (ASP) senior unsecured notes as National Long-term ‘AA (lka)’. The Outlook is Stable.

The rating reflects the strong operating cash generational ability of ASP’s core business segments, the geographical diversification of its revenue and profit streams, and the low leverage in two of its business segments.

Media Release – Daily FT – 16 March 2010

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