The AA+ credit rating is the second highest rating assigned by Fitch Ratings to reflect an entity's ability to meet financial commitments. Key rating drivers for CEAT Kelani Holdings included a projected gradual recovery in demand for tyres, growth from new markets, and strong market position. Commenting on the rating, CEAT Kelani Holdings Chairman Chanaka De Silva said: "As the single largest tyre manufacturer in Sri Lanka, we are delighted to note that our rating has remained unchanged for three years despite the challenging external factors.