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Fitch Upgrades Kotagala Plantations to ‘B-(lka)’; Outlook Stable

Fitch Ratings has upgraded Kotagala Plantations PLC’s National Long-Term Rating to ‘B-(lka)’, from ‘CCC(lka) and assigned a Stable Outlook. The upgrade factors in improving liquidity as Kotagala accessed new bank financing in the financial year ended March 2026 (FY26), and continued to deleverage by repaying debt. However, the company continues to face refinancing risk because […]

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Originally published byLanka Business Online 2h ago · lankabusinessonline.com
Read full report at Lanka Business Online

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