Category: Companies

June 6, 2006 (LBO) – Sri Lanka’s Ceylease Financial Services – a unit of Bank of Ceylon – needs to pump up its capital to support their low income base and future provisional charges, Fitch Ratings Lanka warned Tuesday. Fitch, which assigned a ‘BBB-(lka)’ rating to Ceylease, says the credit rating reflects the firm’s parental […]

June 2, 2006 (LBO) – State-run Bank of Ceylon is actively pursuing to raise around 250 million dollars through a syndicated loan from foreign banks with offices in Sri Lanka, market sources said. online pharmacy buy diflucan with best prices today in the USA online pharmacy buy keflex with best prices today in the USA […]

June 1, 2006 (LBO) – Sri Lanka’s conglomerate Hayleys Ltd’s credit outlook Thursday was downgraded to ‘AA (lka)’ by Fitch Ratings Lanka, to reflect the group’s weak earnings. buy avodart online https://www.indcheminternational.com/wp-content/uploads/2022/08/png/avodart.html no prescription pharmacy Hayleys is one of Sri Lanka’s old conglomerates with diversified interest including the making and exporting fibre-based products, rubber gloves […]

May 31, 2006 (LBO) – Hatton National Bank Ltd, the island’s fourth largest lender in terms of assets, got its credit profile upgraded to ‘A+(lka)’ by Fitch Ratings Lanka. With a positive outlook, the upgrade also elevates HNBs subordinated debt to ‘A (lka)’ from ‘A-(lka)’, the rating agency said Wednesday. Fitch gave HNB good marks […]

May 29, 2006 (LBO) – Sri Lanka’s pioneering leasing firm Lanka Orix Leasing Company has secured an ‘A (lka)’ credit rating from Fitch Ratings Lanka. Part Japanese owned, LOLCs credit outlook is stable, the rating agency said Monday. “The rating takes into account the less diversified funding sources available to specialised leasing companies such as […]

May 23 (LBO) – Lanka Ratings gave Alliance Finance Company a stable long-term BBB2 (triple B two) rating on Tuesday, for its healthy asset quality and performance. “Due to its prudent policies, AFC’s asset quality is expected to remain healthy in the immediate term.” Pre-tax profits have been showing a steady increase over the past […]

Apr. 27 (LBO) – US credit ratings agency Standard & Poor’s Thursday cut Sri Lanka Telecom’s credit outlook to negative from stable, in the wake of escalating violence, which may result in the country slipping back to war. The cash rich operator posted net profits of 3,093 million rupees, while revenues surged 10 percent to […]

Apr. 27 (LBO) – International rating agencies Fitch and Standard & Poor’s Thursday cut Sri Lanka’s credit outlook to negative from stable, reflecting the island’s worsening security situation. Should the violence become more widespread, adversely affecting the economy, public finances and donor inflows, Sri Lanka’s sovereign ratings could be downgraded, both agencies said. – Mel […]

Apr.25 (LBO) – Fitch Ratings Lanka Tuesday announced changes to their national ratings scale for Sri Lanka to be line with the agency’s global definitions. National ratings are designed for use of investors in local markets, and also give an indication as to the creditworthiness for rated entities in the country. The best risk within […]

Apr.06 (LBO) – Fitch Ratings Lanka has upgraded Sampath Bank long term domestic rating to AA- (sri) on an improving financial profile. online pharmacy buy chloroquine with best prices today in the USA buy keflex online https://www.scottsdaleweightloss.com/wp-content/uploads/2022/08/png/keflex.html no prescription pharmacy “Concerted recovery efforts and improved credit risk management have resulted in a steady improvement in […]

Mar. 31 (LBO) – Sri Lanka’s Commercial Bank of Ceylon is raising up to Rs3.0 billion in long term funds next month through a combination of private and public placement of debentures, an official said Friday. Fitch Ratings Lanka Friday gave the issue a rating of ‘AA (sri)’ and a stable outlook, for the unsecured […]

Mar. 30 (LBO) – Sri Lanka’s Hatton National Bank’s Rs1.22 billion debenture issue, which closes Friday has been privately placed mostly among institutions, with longer tenures running up to 18 years being snapped up by insurance firms, an official said. Fitch Ratings Lanka Thursday assigned a rating of A- (sri) and a stable outlook, for […]