RAM Ratings (Lanka) renamed Lanka Rating Agency

Directory launched in the presence of Jagath Perera, CA Sri Lanka President, Manil Jayesinghe, CA Sri Lanka Vice President, Harsha Basnayake, Ernst & Young Asia Pacific Transaction Advisory Managing Partner, Aruni Rajakarier, Chairperson of the CA Sri Lanka Women Empowerment Committee, Anoji De Silva, Alternate Chair of the Women Empowerment Committee and Dulani Fernando, CA Sri Lanka CEO

May 02, 2014 (LBO) – RAM Ratings (Lanka) Ltd, said its name has been changed to Lanka Rating Agency Ltd, following the exit of its Malaysian shareholder RAM Holdings LRA said it was also gaining technical assistance from a global rating agency.

The agency there were no changes to the currently adopted standards and no changes to the ratings issued previously.

Following the divestment by RAM Holdings several local shareholders including Hatton National Bank PLC, Commercial Bank PLC, Sampath Bank PLC , NDB Bank PLC had entered.