Dunamis has interests in primary dealing, stock brokering, margin trading, debt structuring, asset management and property development.
The full statement is reproduced below:-
RAM Ratings Lanka assigns BBB+/P2 corporate credit ratings to Dunamis Capital PLC
RAM Ratings Lanka has assigned Dunamis Capital PLC (“Dunamis” or “the Company”) respective long- and shortterm corporate credit ratings of BBB+ and P2.
Concurrently, we have assigned an initial issue rating of BBB to the Company’s proposed LKR1 billion Senior, Unsecured, Redeemable Debentures.
The long-term rating has a stable outlook. Dunamis is a holding company with interests in primary dealing, stock brokering, margin trading, debt structuring, asset management, property development and manufacturing. The Company and its subsidiaries are collectively referred to as the Group.
The Company’s primary income generator is its financial services arm, held by First Capital Holdings PLC (FCH) (rated BBB+/P2 by RAM Ratings Lanka). The bulk of FCH’s revenue and profits is generated by primary dealer First Capital Treasuries Limited (FC Treasuries). FC Treasuries is among the pioneer primary dealers in Sri Lanka, appointed by the Monetary Board of the Central Bank of Sri Lanka (CBSL) to deal with the CBSL as counterparty in the primary market and to trade in government securities in the secondary market.