COPE to obtain Auditor General Report on bond issue

Feb 26, 2016 (LBO) – The Committee on Public Enterprises (COPE) has decided to obtain a report from the Auditor General regarding the controversial bond issue. JVP Parliamentarian Dr. Nalinda Jayatissa said that they have also decided to conduct the inquiry through the main committee of the COPE. “We decided to obtain the observations of […]

”: Fitch

Feb 19, 2016 (LBO) – Fitch Ratings has affirmed Ceylon Dollar Bond Fund’s Fund Credit Quality Rating of ‘BB-‘ and affirmed the Fund Volatility Rating at ‘V5’. The  fund is managed by Ceylon Asset Management (CAM). The full statement follows:  Fitch Affirms Ceylon Dollar Bond Fund at ‘BB-/ V5‘ Fitch Ratings-London/Colombo-19 February 2016: Fitch Ratings has […]

Fitch affirms Ceylon Dollar Bond Fund at BB-/ V5

Fitch Ratings has affirmed Ceylon Dollar Bond Fund’s Fund Credit Quality Rating of ‘BB-‘ and affirmed the Fund Volatility Rating at ‘V5’. The fund is managed by Ceylon Asset Management (CAM). KEY RATING DRIVERS The affirmation of the ‘BB-‘ Fund Credit Quality Rating is driven by the weighted average rating factor (WARF) and rating distribution […]

Sri Lanka’s Central Bank to sell USD75mn worth development bonds

Feb 12, 2016 (LBO) – The Central Bank will issue 75 million US dollars of development bonds with a tenor of 1 Year 1 month, 2 Years 2 months and 4 Years 4 months to local and foreign investors. The Debt Department said the subscription will be at a floating rate of 6 month LIBOR […]

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