Financial News: Fitch Ratings has downgraded the rating on SriLankan Airlines Limited’s (SLA) USD175 million government-guaranteed 7% unsecured bonds due 25 June 2024 to ‘B-‘, from ‘B’. KEY RATING DRIVERS ...
Business News: Fitch Ratings has downgraded the rating on SriLankan Airlines Limited’s (SLA) USD175 million government-guaranteed 7% unsecured bonds due 25 June 2024 to ‘B-‘, from ‘B’. KEY RATING DRIVERS ...
Financial News: In terms of Section 35 of the Monetary Law Act No. 58 of 1949, the seventieth Annual Report of the Monetary Board of the Central Bank of Sri ...
Financial News: The Central Bank of Sri Lanka observes that the current interest rates charged by licensed banks on pawning advances range from 12% - 17.5% per annum. Considering the ...
Ill-Founded and Ill-Timed Rating Action by Fitch Ratings amidst the Worst Global Public Health Crisis for Decades Financial News: The Government of Sri Lanka finds the decision of the Fitch ...
Financial News: As our members grapple with their response to the global health and economic crisis, we call for more attention to the role of open trade policies in defeating ...
Financial News: The Colombo Stock Exchange (CSE) states that they will recommence trading on April 27, Monday. This subsequent to the statement that the Government has announced that the curfew ...
Financial News: Fitch-rated Sri Lankan corporates in consumer goods retail, construction and hotels will be among the most affected by the coronavirus pandemic in Sri Lanka, says Fitch Ratings. Full ...
Financial News: Fitch Ratings Lanka has affirmed Standard Chartered Bank, Sri Lanka Branch’s (SCBSL) National Long-Term Rating at ‘AAA(lka)’. The Outlook is Stable. KEY RATING DRIVERS The affirmation reflects Fitch’s ...
Financial News: We write further to our previous statement. Subsequent to the statement, the Government has announced that the curfew in the districts of Colombo, Gampaha, Kalutara and Puttalam will ...
Financial News: The Central Bank of Sri Lanka (CBSL) is aware that some Sri Lankans who have gone abroad, for short visits for leisure and holidays, meet relatives and friends, ...
Financial News: Colombo: Considering the challenges faced by listed companies in complying with rules regarding the submission of Annual Reports and Interim Financial Statements as a result of the COVID-19 ...
Financial News: The International Monetary Fund (IMF) is starting to review Sri Lanka’s request for Rapid Credit Facility this week, the global lender said. Responding to media queries at the ...
Financial News: Fitch Ratings has revised the Outlook on Sri Lankan consumer-durable retailer Abans PLC’s National Long-Term Rating to Negative from Stable. Fitch has simultaneously affirmed the National Long-Term Rating ...
Financial News: The Asian Development Bank (ADB) today tripled the size of its response to the novel coronavirus disease (COVID-19) pandemic to $20 billion and approved measures to streamline its ...
Financial News: London Stock Exchange Group (LSEG) has donated Rs. 5 million ($ 27,624.30) to the Unit-ed Nations Children’s Fund (UNICEF) in support of Sri Lanka’s ongoing response to the ...
Financial News: Sri Lanka has introduced a revised version of the pay-you-earn tax as an Advance Personal Income Tax to be deducted by the employer, the Department of Inland Revenue ...
Financial News: With the view of preserving the foreign currency reserve position of the country, minimizing the existing pressure on the exchange rate and considering the possible negative impact to ...
Financial News: The Asian Development Bank (ADB) today allocated $44 million in technical assistance resources to support its developing member countries in their response to the novel coronavirus disease (COVID-19) ...
Fitch Ratings believes that the extraordinary regulatory measures announced by the central bank – focusing on the relaxation of capital expectations and classification of loans for banks – should relieve ...
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