Sri Lanka, Oct. 7 -- Lanka Rating Agency (LRA) has awarded LOLC Finance PLC, Sri Lanka's largest Licensed Finance Company, and an A+ rating with a Stable Outlook, a significant step up from its previous A (Positive Outlook) rating. As per LRA, this upgrade highlights LOLC Finance's firm market leadership, robust fundamentals, and its ability to deliver sustainable growth despite a challenging economic environment.

As per LRA, these exceptional performance indicators translated directly into the upgraded rating. LRA cited LOLC Finance's commanding share of the NBFI sector accounting for over 36% of sector profits, 30% of industry equity and 20% of sector assets, its resilient capital base, and prudent risk management as key factors underp...