Fitch Affirms Alliance Finance Company's Rating at 'BB+(lka)'

(The following statement was released by the rating agency)

COLOMBO, September 21 (Fitch) Fitch Ratings Lanka has today

affirmed Alliance

Finance Company PLC's (AFC) National Long-Term Rating at

'BB+(lka)' with a

Stable Outlook.

At the same time Fitch affirmed AFC's outstanding senior

unsecured debentures at

'BB+(lka)' and outstanding subordinated debentures at 'BB(lka)'.

KEY RATING DRIVERS

NATIONAL RATING AND SENIOR DEBT

AFC's rating reflects its established but modest franchise and

weaker

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