Category: Company
Chevron Lanka exceeds LKR 4Bn in earnings for first time
Chevron Lubricants Lanka PLC (“Chevron Lanka”) (LLUB), a listed entity in the Colombo Securities Exchange (“CSE”), notched up record earnings in 2025, the highest ever in its 32-year history of operations in Sri Lanka. Earnings surpassed the LKR 4 billion milestone for the first time, on a topline of LKR 24.39 billion based on the […]
AI-Related Risks Rising for Software, Media, and Services Corporates: Fitch Ratings
Elevated AI-driven credit risks are concentrated in three technology, media and telecommunications (TMT) sectors, with software, media and services facing rising disruption risk while overinvestment risk remains largely confined to hyperscalers and select cloud providers, according to a new Fitch Ratings report. Asset-light businesses where value is driven by intangibles such as software, IP, brands […]
Fitch Publishes ‘AAA(lka)’ Rating on Hayleys’ Proposed Debentures
Fitch Ratings has published the National Long-Term Rating of ‘AAA(lka)’ assigned to Hayleys PLC’s proposed unsecured senior redeemable debentures of up to LKR7 billion. The debentures are rated in line with Hayleys’ National Long-Term Rating and existing unsecured notes. This is because subordination risk to debenture holders from debt at subsidiaries is limited, provided the […]