Straight A’s

Sri Lanka Telecom (SLT) Chairman Anil Obeysekera says Fitch Ratings Lanka has upgraded the incumbent operator’s rating to AAA (sri) (triple a) Sri Lanka Telecom (SLT) Chairman Anil Obeysekera says Fitch Ratings Lanka has upgraded the incumbent operator’s rating to AAA (sri) (triple a) Obeysekera, taking over as Chairman early in August made the announcement on Tuesday during the launch of SLT’s business directory and value added directory services to a group of invitees in Colombo.

However, an official announcement had not been issued by the Rating Agency at the time of this report.

If confirmed, the telecom giant is only the third Sri Lankan firm to receive a triple A, after National Savings Bank and Citibank NA.

A triple A rating generally denotes a low expectation of risk and vulnerability to foreseeable events.

SLT’s new billing system went through technical glitches in its implementation stage, leaving over 800,000 customers chatting non-stop since last December. The new system includes time based itemised billing and allows subscribers to view their detail bills through SLTs website.

Starting end May, the bills