Sierra Cables sustains Fitch ‘A+ (lka)’ rating for three consecutive years

Sierra Cables office and factory in Kaduwela

Cable manufacturer Sierra Cables PLC has sustained a solid rating of A+ (lka) with a stable outlook for three consecutive years from Fitch Ratings.
Despite the challenging economic conditions both locally and internationally, Sierra Cables’ impressive standing is a testament to the company’s financial performance and strategic management decisions which played a pivotal role in maintaining this consistent distinction. 
Commenting on the recognition, Harsha Jayatunga, CEO of Sierra Cables said, “We are extremely pleased with our performance this financial year and are delighted that we could maintain the rating for the past three years despite the highly challenging economic restraints. We were able to attain this grade due to our robust financial performance, combined with timely and prudent management decisions.” 

A subsidiary of Browns Group and operating under Browns Investments, the investment arm of the LOLC Group, Sierra Cables is known for its wide variety of cables; single, twin, flexible, earth, telephone, auto and coaxial. With its prominent presence both locally and overseas, Sierra Cables produces complete and comprehensive wire and cables for residential, commercial and industrial sectors. 
Sierra Cables’ commitment to quality is exemplified in its use of raw materials that require stringent testing and screening procedures in its very own laboratory. It is the implementation of these quality management measures that have not only ensured that the finest, finished products enter the market, but it has additionally paved the way for the Company’s ISO 9001, 14001, 45001 and SLS certifications. 
By consistently investing in and seeking excellence in the areas of research and development, logistics, engineering and manufacturing, Sierra Cables is equipped to offer a product portfolio that is varied and ever-evolving according to current market needs. Designed and developed at a state-of-the-art manufacturing facility and according to international standards, these products include fire-resistant cables with TUV certification.
They also feature low-smoke halogen-free cables tested according to stringent BS standards, thereby ensuring minimal risk of fire. Additionally, a range of flame-retardant cables for the domestic market have been launched recently. Sierra Cables is also the pioneer for the in-house manufacture of solar cables with SLS 1542 certification.