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Fitch Revises Sampath Bank's Outlook to Positive; Affirms at 'AA-(lka)' |
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Fitch Ratings-Colombo/Mumbai/Singapore-31 August 2010: Fitch Ratings Lanka has today revised the Outlook on Sampath Bank PLC's (SB) National Long-term rating to Positive from Stable. The agency has simultaneously affirmed SB's National Long-term rating at 'AA-(lka)', Individual rating at 'D/E' and Support rating at '5'. Fitch has also affirmed SB's outstanding subordinated debentures at 'A+(lka)'. |
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Fitch Downgrades Ceylease to 'BB+(lka)'; Revises Outlook to Negative |
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Fitch Ratings-Colombo/Mumbai/Singapore-03 August 2010: Fitch Ratings Lanka has today downgraded Ceylease Financial Services Ltd's National Long-term rating to 'BB+(lka)' from 'BBB-(lka)' and simultaneously revised the Outlook to Negative from Stable. The agency has also withdrawn the 'BB+(lka)' rating on the company's proposed subordinated debenture issue, due to non-issuance. |
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Fitch Affirms Commercial Leasing at 'A-(lka)'; Outlook Stable |
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Fitch Ratings-Colombo/Mumbai/Singapore-03 August 2010: Fitch Ratings Lanka has today affirmed Commercial Leasing Company Ltd's (CLC) National long-term rating at 'A-(lka)'. The agency has also affirmed CLC's senior unsecured debentures at 'A-(lka)'. The Outlook is Stable. |
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Fitch Downgrades Commercial Bank of Ceylon to 'AA(lka)' |
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Fitch Ratings-Colombo/Singapore-02 August 2010: Fitch Ratings Lanka has today downgraded Commercial Bank of Ceylon PLC's (CB) National Long-term rating to 'AA(lka)' from 'AA+(lka)' and its Individual rating to 'D/E' from 'D'. The agency has also downgraded the rating on CB's subordinated debentures to 'AA-(lka)' from 'AA(lka)'. Fitch has simultaneously affirmed CB's Support rating at '5'. The Outlook is Stable. |
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Fitch Affirms National Development Bank at 'AA(lka)' |
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Fitch Ratings-Colombo/Mumbai/Singapore-02 August 2010: Fitch Ratings Lanka has today affirmed National Development Bank PLC's National Long-term rating at 'AA(lka)'. The agency has also affirmed NDB's subordinated debentures at 'AA-(lka)'. The Outlook is Stable. |
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Fitch Affirms Peoples Leasing Co. Ltd. Trust 32 |
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Fitch Ratings-Colombo/Hong Kong/Singapore-21 July 2010: Fitch Ratings Lanka has today affirmed Peoples Leasing Co. Ltd. Trust 32's remaining LKR30.1m lease-backed trust certificates at 'A-(lka)'. The Outlook remains Stable. The Loss Severity rating remains at 'LS-3'. The transaction is a securitisation of vehicle leases which were mortgaged to the trust. |
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Fitch Downgrades Sinhaputhra Finance PLC to 'B(lka)' |
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Fitch Ratings-Colombo/Mumbai/Singapore-30 June 2010: Fitch Ratings Lanka has today downgraded Sinhaputhra Finance PLC's (SFL) National Long-term rating to 'B(lka)' from 'BB-(lka)'. The Outlook is Negative. Although liquidity pressure faced by the company has waned, Fitch notes the significant increase in the regulatory six-month NPLs and consequent deterioration in the net NPL/equity ratio, and depressed profitability. |
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Fitch Assigns 'A-(lka)' to PLC's Proposed Senior Debt |
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Fitch Ratings-Colombo/Mumbai/Singapore-26 May 2010: Fitch Ratings Lanka has today assigned a National Long-term rating of 'A-(lka)' to People's Leasing Company Ltd's (PLC) proposed senior unsecured redeemable debentures of up to LKR500m. PLC's National Long-term rating is 'A-(lka)', and the Outlook is Stable. |
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Fitch Assigns 'A-(lka)' to People's Leasing Company's Proposed Senior Debt Issue |
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Fitch Ratings-Colombo/Mumbai/Singapore-31 March 2010: Fitch Ratings Lanka has today assigned an 'A-(lka)' National Long-term rating to People's Leasing Company Limited's (PLC) proposed senior unsecured redeemable debentures of up to LKR630m. Also, the agency has affirmed PLC's National long-term rating at 'A-(lka)'. The rating Outlook is Stable. |
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Fitch Affirms Rating on Singer (Sri Lanka) Notes Following Increase in Issue Amount |
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Fitch Ratings-Colombo/Mumbai/Singapore-19 March 2010: Fitch Ratings Lanka has today affirmed the 'A-(lka)' National Long-term debt rating on Singer (Sri Lanka) PLC's proposed notes following an increase in the issue amount to LKR1,000m from LKR600m. Simultaneously the agency has affirmed the ratings on Singer's outstanding senior unsecured notes at 'A-(lka)'. The Outlook is Stable. |
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