Fitch withdraws rating on John Keells Holdings

Business

Fitch Ratings Sri Lanka on Wednesday said it has withdrawn the rating on John Keells Holdings PLC (JKH) “because there will be insufficient information to maintain the rating as the issuer will no longer be taking part in the rating process”. Fitch said in a statement that prior to the withdrawal, JKH's National Long-Term Rating was at 'AA+(lka)' with ‘Stable Outlook’. Fitch will no longer provide ratings or analytical coverage of JKH, the statement said.