Lanka Rating Agency upgrades First Capital Holdings to 'A+'

FIRST Capital Holdings PLC, a subsidiary of JXG (Janashakthi Group) and a pioneering full-service investment institution, and Lanka Rating Agency Ltd. (LRA), an independent credit rating authority of Sri Lanka, are pleased to announce the upgrade of the company's long-term credit rating to 'A+' from 'A', with a stable outlook.

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This upgrade reflects First Capital's sustained profitability, sound capital structure, robust governance, and strategic leadership in Sri Lanka's evolving capital market landscape.

The rating upgrade follows an in-depth review of First Capital's financial performance, risk management frameworks, and market positioning. The company has consistently demonstrated strength in its core operations particularly in Government securities trading, capital markets advisory, and wealth management backed by strong compliance standards and operational discipline.

The agency's assessment underscored the company's strength amidst macroeconomic challenges and its ability to deliver consistent value across economic cycles, positioning it as a benchmark institution in Sri Lanka's capital markets.