Bogawantalawa Tea Estates PLC’s Credit Rating has been assessed to be [SL] BBB+ (stable) by ICRA Lanka Limited.
This stable outlook for Bogawantalawa was assigned based on:
• Strong brand name
• Experience of the promoters and the group support
• Attractive NSA levels
• Strong revenue visibility amidst the diversification Strategy
• Comfortable Financial Profile
“The optimistic credit rating recognizes the positive effects of our strategy and shows an improved confidence in a continued strong development of our operations,” says Mrs. Chamari Wahalathantri, CFO of Bogawantalawa Tea Estates PLC.
