Category: Bills & Bonds

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July 14, 2016 (LBO) – Fitch Ratings has assigned Sri Lanka’s upcoming US dollar-denominated bonds an expected rating of ‘B+(EXP)’. The ratings agency said the expected rating is in line with Sri Lanka’s Long-Term Foreign-Currency Issuer Default Rating (IDR) of ‘B+’ with a Negative Outlook. “The rating would be sensitive to any changes in Sri Lanka’s […]

S&”’

S&”’

July 12, 2016 (LBO) – S&P Global Ratings has assigned its ‘B+’ long-term issue rating to the global bond issued by Sri Lanka (B+/Negative/B). The senior unsecured bond constitutes direct, unconditional, unsubordinated, and unsecured general obligations of the issuer, and payments will be backed by the full faith and credit of Sri Lanka. The dual tranche […]

Bonds

”s global bond offering

July 11, 2016 (LBO) – Moody’s Investors Service has assigned a provisional rating of (P)B1 to Sri Lanka’s announced US-dollar denominated bond offering. The Government of Sri Lanka’s issuer rating is B1, with a negative outlook. Moody’s said it expects to remove the provisional status of the rating upon the closing of the proposed issuance and a […]

No urgent need to adjust Sri Lanka interest rates: CB Governor

No urgent need to adjust Sri Lanka interest rates: CB Governor

July 06, 2016 (LBO) – Sri Lanka’s newly appointed Central Bank Governor Indrajit Coomaraswamy says the monetary authority is closely watching interest rates, and the transmission impact of previous tightening takes 12 to 18 months. “We still haven’t seen the full effects of what has already been done,” he told reporters on Tuesday. “The slight […]

CB Governor awaits COPE outcome; bond market transparency to improve

CB Governor awaits COPE outcome; bond market transparency to improve

July 05, 2016 (LBO) – Sri Lanka’s Central Bank Governor Indrajit Coomaraswamy told reporters Tuesday that he will look at the outcome of the COPE investigation before taking any action with regard to the alleged bond scam. Meeting reporters in Colombo for the first time after the new appointment, Coomaraswamy said the Central Bank will […]

Karu-Jayasooriya

Speaker to consult Attorney General, CB Governor over bond report

July 05, 2016 (LBO) – Speaker Karu Jayasuriya has decided to consult Sri Lanka’s Attorney General and new Central Bank Governor over the course of action to take on the Auditor General’s report on Treasury bond auctions. “I’ll look forward to discuss the future course of action over the bond report with them while also […]

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