Abans PLC - Fitch Research

Abans PLC

Abans PLC - Fitch Research
Abans PLC
Published Nov 13, 2019
13 pages (5216 words) — Published Nov 13, 2019
Price US$ 550.00  |  Buy this Report Now

About This Report

  
Brief Excerpt:

...Abans PLC's ratings reflect its strong market position in consumer durables retail in Sri Lanka, its extensive brand portfolio, w ide distribution netw ork and w ell-managed hire-purchase (HP) business, w hich are partly offset by investments in riskier non-core operations such as real estate and financial services. The ratings also reflect Fitch Ratings' view that Abans w ill maintain leverage ¡ defined as net lease adjusted debt/operating EBITDAR excluding its finance subsidiary ¡ at below 5.5x over the medium term. Leverage w as 4.7x at the end of the financial year to 31 March 2019 (FYE19). Abans' debentures are rated at the same level as the National Long-Term Rating because its senior unsecured debt is not materially subordinated to prior-ranking debt. This is because prior ranking debt w ill remain below 2.5x EBITDA (FY20 forecast: 1.7x). Fitch rates Abans based on the consolidated profile of its w eaker parent Abans Retail Holdings (Pvt) Limited (ARH) d ue to strong operational...

  
Report Type:

Full Rating Report

Company(ies)
Issuer
Format:
PDF Adobe Acrobat
Buy Now

Fitch Research—Fitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.

About the Author


Cite this Report

  
MLA:
Fitch Research. "Abans PLC" Nov 13, 2019. Alacra Store. Dec 09, 2019. <http://www.alacrastore.com/fitch-credit-research/Abans-PLC-RPT_10100299>
  
APA:
Fitch Research. (2019). Abans PLC Nov 13, 2019. New York, NY: Alacra Store. Retrieved Dec 09, 2019 from <http://www.alacrastore.com/fitch-credit-research/Abans-PLC-RPT_10100299>
  
US$ 550.00
$  £  
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Credit Research from one place.