Fitch affirms Lion Brewery’s ‘AA-(lka)’ rating; says well-placed to recover from floods

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Fitch Ratings has affirmed Lion Brewery (Ceylon) PLC’s (Lion) National Long-Term Rating of ‘AA-(lka)’ with a Stable Outlook and said the firm is well-placed to recover from the recent floods and expects its financial profile to remain consistent with its rating. Fitch has also affirmed the National Long-Term Rating of ‘AA-(lka)’ on Lion’s outstanding senior unsecured…