Category: Companies

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 […]

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 […]