Lion Brewery (Ceylon) PLC (AAA(lka)/Stable), the leader in Sri Lanka’s beer market, could face more competition in the medium termContinue Reading
The targets laid out in Sri Lanka’s budget for 2024 will be challenging to meet, even with the economic recoveryContinue Reading
Fitch Ratings says it does not believe cash flow from operations will be sufficient to cover the Ceylon Electricity Board’sContinue Reading
Fitch Ratings has affirmed its ratings on fifteen (15) Sri Lankan banks, while 14 of them have been removed fromContinue Reading
Fitch Ratings has downgraded Sri Lanka’s Long-Term Local-Currency (LTLFC) Issuer Default Rating (IDR) to ‘RD’ (Restricted Default) from ‘C’. TheContinue Reading
Fitch Ratings has rated Sri Lanka’s Long-Term Foreign-Currency Issuer Default Rating at ‘Restricted Default’, or RD. The Ratings Agency statedContinue Reading
The Sri Lankan government’s debt restructuring plan is likely to reduce investment and liquidity risks for domestic insurers, Fitch RatingsContinue Reading
The Sri Lankan government’s proposal for treatment of domestic debt marks a significant step towards resolving uncertainties around the impactContinue Reading
Fitch Ratings on Tuesday affirmed India’s sovereign rating with a stable outlook saying the country has a robust growth outlookContinue Reading
Fitch Ratings has downgraded the National Insurer Financial Strength (IFS) Ratings of seven Sri Lankan insurers following the recent sovereignContinue Reading
Fitch Ratings on Thursday downgraded Sri Lanka’s Long-Term local-currency debt rating by two notches to “CC” from “CCC”, Reuters reported.Continue Reading
Rated Sri Lankan corporates in consumer-goods retail, power generation, and homebuilding will be among the most affected if the economicContinue Reading
The successful formation of a government under the new president, Ranil Wickremesinghe, is an important precondition for resolving Sri Lanka’sContinue Reading
Fitch Ratings has downgraded the rating of Sri Lanka’s Bank of Ceylon’s foreign currency rating to ‘Restricted Default’ from ‘CC’.Continue Reading
High investment and liquidity risks, pressure on regulatory capital positions, and a likely worsening in financial performance have increased theContinue Reading
Fitch Ratings has downgraded Sri Lanka’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘C’ from ‘CC’. The Ratings Agency saidContinue Reading
Fitch Ratings has issued a correction pertaining to Sri Lanka’s downgrading that was issued in December 2021. The rating agencyContinue Reading