Sri Lanka, Oct. 29 -- Lanka Rating Agency Ltd (LRA), the independent credit rating authority of Sri Lanka, has assigned a long-term Entity Rating of A- with a Stable Outlook to Vallibel Finance PLC.

This rating reflects Vallibel Finance's solid creditworthiness, strong capacity for timely financial commitments and its robust governance and business performance.

The upgraded A- Entity Rating recognises Vallibel Finance's extensive market presence as a mid-sized licensed finance company with an asset share of 5.3 percent in the industry. The company's loan portfolio is well-diversified across vehicle loans, auto drafts, gold loans and leases, which collectively constitute over 94 percent of its lending book. Superior asset quality, demon...