Category: Companies

Senkadagala Finance secured a BBB+ (sri) rating for its upcoming four-year debenture issue from Fitch Ratings Lanka. Senkadagala Finance secured a BBB+ (sri) rating for its upcoming four-year debenture issue from Fitch Ratings Lanka. The Rs. 250 million issue, which will be listed on the Colombo Stock Exchange, is priced at 14 percent. Investors also […]

Sri Lanka’s Commercial Bank of Ceylon, has structured an interest rate swap with a notional value of Rs.500 million for its leasing subsidiary, the bank said Friday.Sri Lanka’s Commercial Bank of Ceylon, has structured an interest rate swap with a notional value of Rs. 500 million for its leasing subsidiary, the bank said Friday. Under […]

The newly merged NDB Bank has retained its AA (sri) rating for its long-term unsecured senior debt from Fitch Ratings Lanka, the credit rating agency said Wednesday. National Development Bank and NDB Bank Ltd merged on Monday after nearly four years in the making. The combined force becomes the fifth largest bank in the country […]

Sri Lanka has picked Citigroup N. A. as an advisor for its upcoming sovereign rating, the Central Bank said Monday. Sri Lanka has picked Citigroup N. A. as an advisor for its upcoming sovereign rating, the Central Bank said Monday. The country rating is being carried out on the recommendation by the Sovereign Rating Steering […]

Dialog Telekom Ltd., Sri Lanka’s No. 1 mobile-phone company, may seek a debt rating to boost its appeal to investors after completing the island’s biggest share sale, Chief Executive Officer Hans Wijayasuriya said. Dialog Telekom Ltd., Sri Lanka’s No. 1 mobile-phone company, may seek a debt rating to boost its appeal to investors after completing […]

Seylan Bank has picked up a BBB+ (sri) rating for its upcoming five year billion rupee debenture from Fitch Ratings Lanka. Seylan Bank has picked up a BBB+ (sri) rating for its upcoming five year billion rupee debenture from Fitch Ratings Lanka. The bank is issuing unsecured subordinated debt to meet beef up its capital. […]

Fitch Ratings Lanka has upgraded Hatton National Bank or HNB to A (sri) from A-(sri), as its financial health is on the mend. Fitch Ratings Lanka has upgraded Hatton National Bank or HNB to A (sri) from A-(sri), as its financial health is on the mend. A (sri) rating denotes a low expectation of credit […]

Rating Agency Malaysia (RAM) has bought out the Ceylinco Consolidated Group to take full control of its Sri Lankan unit Lanka Ratings Agency, officials said Wednesday. Rating Agency Malaysia (RAM) has bought out the Ceylinco Consolidated Group to take full control of its Sri Lankan unit Lanka Ratings Agency, officials said Wednesday. RAM, which has […]

Commercial Bank of Ceylon picked up another Rs.325 million debenture to sit in its newly created debt warehouse, which offers to subscribe, hold and sell competitively priced paper above conventional savings products.Commercial Bank of Ceylon picked up another Rs. 325 million debenture to sit in its newly created debt warehouse, which offers to subscribe, hold […]

Sampath Bank bought up Rs. 400 million worth of securitised paper on Wednesday locking up returns up to four years. Sampath Bank bought up Rs. 400 million worth of securitised paper on Wednesday locking up returns up to four years. People’s Leasing Co. (PLC) which issued the lease-backed securities, also picked up a Rs.150 million […]

Singer Sri Lanka walked off with a A+(sri) rating from Fitch Ratings Sri Lanka for its upcoming four-year Rs. 500 million debenture. Singer Sri Lanka walked off with a A+(sri) rating from Fitch Ratings Sri Lanka for its upcoming four-year Rs. 500 million debenture. Fitch also affirmed ratings assigned to Singer’s existing debentures of: • […]

Government has appointed a steering committee in a renewed push to obtain a sovereign rating ahead of attempts to tap the international market for debt to lower the borrowing cost. Government has appointed a steering committee in a renewed push to obtain a sovereign rating ahead of attempts to tap the international market for debt […]