Prime Group Sets Benchmark For Real Estate Industry with stable Rating

Prime Group Sets Benchmark For Real Estate Industry with stable Rating

23 May 2020 03:40 pm

Property magnet Prime Group makes history as the first institution in the Sri Lankan real estate industry to receive a prestigious issuer rating of [A-] Stable from ICRA Lanka, a group company of Moody's Investors Service.

The rating was awarded based on a consolidated view of the exceptional financial and operational linkages of Prime Lands (Pvt) Ltd. and Prime Lands Residencies (Pvt.) Ltd. 

The market leader Prime Group marks its 25th year in the industry by being the first and only real estate company to obtain a credit rating, shedding much needed transparency into the sector to enable buyers to make an informed decision before investing their hard earned money.

Expressing his gratitude, Prime Group Chairman Brahmanage Premalal said, “This recognition comes on the heels of our 25th anniversary.

The company has successfully launched over 4000 land and modern housing projects in 16 districts across the island, and completed 36 out of the 43 launched apartment projects during this loan period , he said.