Sri Lanka approves 2017 budget; aims to raise revenue through taxes

‘s rating at BB+(lka)

Fitch Ratings Lanka has today affirmed Alliance Finance Company PLC’s (AFC) National Long-Term Rating at ‘BB+(lka)’ with a Stable Outlook. At the same time Fitch affirmed AFC’s outstanding senior unsecured debentures at ‘BB+(lka)’ and outstanding subordinated debentures at ‘BB(lka)’. KEY RATING DRIVERS NATIONAL RATING AND SENIOR DEBT AFC’s rating reflects its established but modest franchise […]