Housing Woes
Dec 31, 2007 (LBO) – Fitch Ratings has downgraded the long-term rating of Housing Development Finance Corporation (HDFC) by one notch to 'A-(lka)' from …
Banking and Finance
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Another One
Dec 31, 2007 (LBO) – Fitch Ratings has downgraded the State Mortgage and Investment Bank (SMIB) by one notch to A-(lka) and lowered its rating outlook to …
Banking Credibility
Dec 29, 2007 (LBO) – The International Monetary Fund (IMF) has raised doubts about the independence of Sri Lanka's central bank and its ability to …
Pension Problem
Dec 28, 2007 (LBO) – The International Monetary Fund has criticised delays in reforming Sri Lankan state sector pension schemes and urged government to …
Watching Brief
Dec 21, 2007 (LBO) – Lanka Rating Agency said Friday it had placed BB3 rated Multi Finance Company on rating watch, pending a take-over from the Ceylinco …
Financial Health
Dec 20, 2007 (LBO) – Sri Lanka's financial sector has so far been resilient in the face of shocks but risks are increasing as the economy heads for tough …
Independent Management
Dec 18, 2007 (LBO) – The International Monetary Fund has called for an independent governance structure for Sri Lanka's Employees Provident Fund (EPF) …
No Conflict
Dec 18, 2007 (LBO) – Sri Lanka's capital markets watchdog should be made more transparent and its officials more independent, the International Monetary …
Crisp Tender
Dec 18, 2007 (LBO) – Sri Lanka is issuing its first currency note under the signature of Governor Nivard Cabraal with added security features to battle a …
Consumer Slowdown
Dec 18, 2007 (LBO) – Fitch Ratings Lanka has lowered the outlook on the 'A+(lka)' long-term ratings on Singer Sri Lanka's senior unsecured notes to …
Better Outlook
Dec 18, 2007 (LBO) – Fitch Sri Lanka has lifted the outlook on Edirisinghe Trust Investment's 'B+(lka)' rating to 'positive' from stable citing …
Changes
Dec 17, 2007 (LBO) – Senior central banker P M Nagahawatte would be appointed as chairman of the National Development following the resignation of its …
Fast Cash
Dec 14, 2007 (LBO) – Western Union has rapidly expanded its money transfer network in Sri Lanka through its tie up with Aitken Spence and is eyeing a …
Equity Injection
Dec 13, 2007 (LBO) – Sri Lanka's Nations Trust Bank is making a one billion rupee cash call sweetened with warrants, giving an option to buy into the …
Top Rating
Dec 11, 2007 (LBO) – Fitch Sri Lanka has confirmed John Keells Holdings (JKH) national 'AAA (lka)' rating with a stable outlook, but expressed concern …
Forewarned
Dec 07, 2007 (LBO) – Sri Lanka's private sector credit is slowing but lenders should tighten standards and improve risk management as interest rates …
Union Outlook
Dec 07, 2007 (LBO) – Fitch Ratings Sri Lanka has lifted Union Bank of Colombo's outlook on its BB + (lka) rating to 'positive' from 'stable' citing an …
Money Trees
Dec 06, 2007 (LBO) – Sri Lanka's financial and accounting regulators are developing more reliable ways of valuing trees in forestry firms, the Sri Lanka …
Regional Finance
Dec 05, 2007 (LBO) – Sri Lanka's Sampath Bank is looking to lend more money in the Maldives with 45 million dollars raised through a syndicated loan …
Finance Profits
Dec 03, 2007 (LBO) – Central Finance, one of the biggest Sri Lankan finance companies, said September quarter net profit rose seven percent to 283 …