Category: Companies

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 […]

The Ceylinco Consolidated Group is in talks with Rating Agency Malaysia (RAM) to sell off its equity stake in Lanka Ratings Agency, a top official said. The Ceylinco Consolidated Group is in talks with Rating Agency Malaysia (RAM) to sell off its equity stake in Lanka Ratings Agency, a top official said. Lanka Ratings is […]

Telco giant Sri Lanka Telecom came off Fitch Ratings Lanka’s ratings watch, but management concerns over its mobile unit is holding back network expansion, the rating agency said Monday. Telco giant Sri Lanka Telecom came off Fitch Ratings Lanka’s ratings watch, but management concerns over its mobile unit is holding back network expansion, the rating […]

HSBC Global Markets, a unit of HSBC Group, structured a derivative instrument for Sri Lanka’s Brandix Lanka Ltd in a deal worth US$ 8.5 mn (£ 4.5 mn). HSBC Global Markets, a unit of HSBC Group, structured a derivative instrument for Sri Lanka’s Brandix Lanka Ltd in a deal worth US$ 8.5 mn (£ 4.5 […]

Hatton National Bank (HNB) plans to securitize mortgage receivables to raise asset yields after reporting that profits halved last year. Hatton National Bank (HNB) plans to securitize mortgage receivables to raise asset yields after reporting that profits halved last year. HNB’s return on assets at 0.7 percent is among the lowest compared to indigenous banks […]

HSBC Global Markets, a unit of HSBC Group, structured a derivative instrument for Sri Lanka’s ACE Power Embilipitiya in a deal worth US$ 34.05 mn. HSBC Global Markets, a unit of HSBC Group, structured a derivative instrument for Sri Lanka’s ACE Power Embilipitiya in a deal worth US$ 34.05 mn. ACE Power will hedge its […]

Hayleys MGT’s credit metrics has weakened somewhat recently, as it embarks on a debt finance drive and steps up its working capital requirements to keep pace in the quota free arena. Hayleys MGT’s credit metrics has weakened somewhat recently, as it embarks on a debt finance drive and steps up its working capital requirements to […]

Commercial Bank of Ceylon is taking Bangladesh’s nascent capital markets up another step by issuing the country’s first debenture issue shortly. Commercial Bank of Ceylon is taking Bangladesh’s nascent capital markets up another step by issuing the country’s first debenture issue shortly. The 500 mn taka (US$ 7.7 mn) bond issue is likely to carry […]

International rating agency Standard & Poor’s Ratings Services on Tue. revised Sri Lanka Telecom’s rating outlook to negative from stable. International rating agency Standard & Poor’s Ratings Services on Tue. revised Sri Lanka Telecom’s rating outlook to negative from stable. SLT has a B+ rating for its foreign currency debt and a BB- rating for […]

State housing giant, HDFC Bank picked up a A (sri) rating from Fitch Ratings Lanka for its upcoming Rs. 500 mn four year unsecured debenture issue.State housing giant, HDFC Bank picked up a A (sri) rating from Fitch Ratings Lanka for its upcoming Rs. 500 mn four year unsecured debenture issue. An A (sri) long […]

International credit rating agencies, Standard & Poor’s and Fitch, have assigned investment grade ratings for Sri Lanka Telecom. International credit rating agencies, Standard & Poor’s and Fitch, have assigned investment grade ratings for Sri Lanka Telecom. Standard & Poor’s (S&P) have given SLT a B+ rating for its upcoming US$ 100 mn unsecured debenture issue, […]