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LRA upgrades Janashakthi Limited (JXG) to Investment Grade 13th May 2024, Colombo: Janashakthi Limited (JXG), the parent entity of the Janashakthi Group of Companies, announces a three-notch upgrade in its credit rating by Lanka Rating Agency (LRA) from BB- to BBB-. This upgrade signifies a shift from moderate risk to investment grade, reinforcing Janashakthi Group’s strength, stability, and sustained growth in the sectors it operates in. Established in 1994, the Janashakthi Group has transformed into a financial conglomerate with a diverse presence across Insurance, Finance, and Investment Banking sectors. Serving as the principal holding company, it holds majority stakes in key subsidiaries such as Janashakthi Insurance PLC, Orient Finance PLC, and First Capital Holding PLC, all of which play strategic roles in the Group’s success. Despite grappling with challenges in macroeconomic volatility, the Janashakthi Group has demonstrated resilience and adaptability. The Group’s strategic initiatives, combined with improved financial performance and ...