Commercial Credit and Finance PLC has secured a Rs. 1 billion unsecured, subordinated loan to strengthen its Tier 2 capital and support compliance with regulatory capital adequacy requirements.
The redeemable facility has a term of five years and ranks behind other creditors for repayment if the company is wound up.
The company has received regulatory approval to include the facility within its supplementary capital base.
Licensed by the Central Bank of Sri Lanka, Commercial Credit and Finance holds a long-term credit rating of BBB+ with a Stable Outlook from Lanka Rating Agency, reflecting its assessed creditworthiness within the financial sector.
