Sri Lankan bond issues to be given expected rating first: Fitch

Friday, 08 February 2013 - 13:23

Sri+Lankan+bond+issues+to+be+given+expected+rating+first%3A+Fitch

Bond issues by Sri Lankan companies will go through a two-step process in the future, where an 'expected' rating will be assigned which will then be finalized after documentation and closure.

Fitch ratings said a rating referred to as 'expected' is issued on the agencies expectations regarding the final documentation.

The rating agency said If such final documentation is received and is as expected, the expected rating will typically be converted to a "final rating",

 



Colombo stock market down
Thursday, 02 July 2020 - 8:58

The Colombo Stock Exchange's Price Index fell yesterday, the All Share Price Index (ASPI) closed at 5,148.41 at the end of the day.32.2 million shares... Read More

Inflation drops to 3.9% in June
Wednesday, 01 July 2020 - 23:19

The Central Bank said inflation in June fell to 3.9 percent from 4 percent in May.The month-over-month change in the Colombo Consumer Price Index (CCPI)... Read More

Commercial Bank of Ceylon PLC - issue of shares by way of a private placement to International Finance Corporation (IFC)
Tuesday, 30 June 2020 - 13:33

It has been reported that the board of directors of Commercial Banks of Ceylon PLC has resolved to issue up to 125,000,000 ordinary voting shares of the... Read More