Category: Companies

Ceylinco Developers Ltd, promoters of the Millennium City township development project, is raising Rs. 100 million in debt to meet its ongoing expansion plans. Ceylinco Developers Ltd, promoters of the Millennium City township development project, is raising Rs. 100 million in debt to meet its ongoing expansion plans. The unsecured, unquoted subordinated three-year issue comes […]

Sri Lanka’s Commercial Bank of Ceylon is privately raising up to Rs. 1.5 billion through a five-year unsecured subordinated debenture to feed its medium term credit expansion, officials said Tuesday. Sri Lanka’s Commercial Bank of Ceylon is privately raising up to Rs. 1.5 billion through a five-year unsecured subordinated debenture to feed its medium term […]

Top international credit rating agencies fly into Sri Lanka, as the country pushes ahead to secure a sovereign rating before end November, officials said Friday. Top international credit rating agencies fly into Sri Lanka, as the country pushes ahead to secure a sovereign rating before end November, officials said Friday. Officials from Fitch Inc of […]

Sri Lanka Telecom’s credit profile is unlikely to weaken even if the Supreme Court orders the telco to refund about Rs. 4.5 billion in tariffs payments, Fitch Ratings Lanka said Wednesday.Sri Lanka Telecom’s credit profile is unlikely to weaken even if the Supreme Court orders the telco to refund about Rs. 4.5 billion in tariffs […]

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 […]