Category: Companies

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, […]

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 […]

Healthy returns from the personal and healthcare units boosted Hemas Holdings net profits up eight percent to Rs. 149 mn during the second quarter ending 2005. The family controlled group made a Rs. 258 mn net profit (up one percent) for the six months ending Sept. 30, while turnover jumped 25 percent to Rs. 3.8 […]

Fitch Ratings Lanka Ltd (FRL) assigns A(sri) national long-term credit rating for Singer (Sri Lanka) Ltd.’s upcoming Rs. 600mn unsecured redeemable debenture issue. Fitch Ratings Lanka Ltd (FRL) assigns A(sri) national long-term credit rating for Singer (Sri Lanka) Ltd.’s upcoming Rs. 600mn unsecured redeemable debenture issue. FRL also affirms A(sri) national long term credit rating […]

HDFC Bank signed up with Citibank N.A. to raise half a billion rupees through a 10-year securitised paper to feed its booming housing loan portfolio. HDFC Bank signed up with Citibank N.A. to raise half a billion rupees through a 10-year securitised paper to feed its booming housing loan portfolio. Securitisation allows firms to borrow […]

Seylan Bank collected a BBB+ (sri) rating from Fitch Ratings Lanka for its upcoming Rs. 1 bn debt issue. Seylan Bank collected a BBB+ (sri) rating from Fitch Ratings Lanka for its upcoming Rs. 1 bn debt issue. The issue helps roll over Rs. 470 mn of Seylan’s subordinated debentures maturing in November 2004. Fitch […]

Seylan Merchant Bank (SMB) is raising up to Rs. 200 mn in debt to feed its growing leasing business. Seylan Merchant Bank (SMB) is raising up to Rs. 200 mn in debt to feed its growing leasing business. The four-year unlisted debenture will open for subscription from Sept. 8 to Dec. 31., the bank said […]

Hatton National Bank bought up Rs. 200 mn worth of securitised paper on Monday, locking returns for up to four-years. Hatton National Bank bought up Rs. 200 mn worth of securitised paper on Monday, locking returns for up to four-years. People’s Leasing Co. (PLC) issued the lease-backed securities to feed a growing appetite for leases […]

Commercial Bank is raising a billion rupees through private placement of four-year debentures, largely to feed its growing loan book. Commercial Bank is raising a billion rupees through private placement of four-year debentures, largely to feed its growing loan book. The issue carries a AA (sri) rating from Fitch Ratings Lanka, is ranked one notch […]

Triple A rated Sri Lanka Telecom has signed up for a rating with two top international agencies, Fitch Ratings of USA and Standards & Poor’s as it embarks on an overseas roadshow for its upcoming debt issue next month. Triple A rated Sri Lanka Telecom has signed up for a rating with two top international […]

State housing giant HDFC Bank’s long-term unsecured senior debt got an A (sri) credit rating from Fitch Ratings Lanka. State housing giant HDFC Bank’s long-term unsecured senior debt got an A (sri) credit rating from Fitch Ratings Lanka. An A (sri) rating reflects the capacity to honour timely financial commitments. HDFC’s rating reflects its strong […]

The bank tied up with an international bonds specialist Tyndall Corporation in Australia to get expertise for the venture.rn rnThe bank will initially pool US$ 16 mn or one forth of its foreign currency deposits into an offshore fund for the operation.rn rnTyndall says futures and options trading will help the bank get a higher […]