The Investor Sentiment - Equity and investments forum for Sri Lankans
The Investor Sentiment - Equity and investments forum for Sri Lankans
Would you like to react to this message? Create an account in a few clicks or log in to continue.
Please send an email to contact.lankaninvestor@gmail.com if you face any technical difficulties when posting
Search
Display results as :
Advanced Search
Latest topics
SLTL.NToday at 09:48The Invisible
AEL Technical AnalysisMon 13 Jul 2020, 13:37HUNTER
Films - To Watch ListFri 10 Jul 2020, 08:33yellow knife
Dividend AnnouncementsThu 09 Jul 2020, 19:43Rana
Rajgama Heroes !Sun 05 Jul 2020, 22:05serene
LIOC.N0000 (Lanka IOC PLC)Tue 30 Jun 2020, 08:00LSE
CFVF - First CapitalSat 27 Jun 2020, 22:22HUNTER
RCL - Royal CeramicsSat 27 Jun 2020, 04:02desh87
JKH.N0000Wed 24 Jun 2020, 21:33The Invisible
LOLC HoldingsMon 22 Jun 2020, 15:40Rajapaksap
HAYC - HaycarbFri 19 Jun 2020, 12:04Rational Investor
HAYL.N0000 Hayleys PLCThu 18 Jun 2020, 19:53NIRMALSG
Gota's EraTue 16 Jun 2020, 14:40puliyanam
Hayleys MGTTue 09 Jun 2020, 11:16The Invisible
Disclaimer


Information posted in this forum are entirely of the respective members' personal views. The views posted on this open online forum of contributors do not constitute a recommendation buy or sell. The site nor the connected parties will be responsible for the posts posted on the forum and will take best possible action to remove any unlawful or inappropriate posts.
All rights to articles of value authored by members posted on the forum belong to the respective authors. Re-using without the consent of the authors is prohibited. Due credit with links to original source should be given when quoting content from the forum.
This is an educational portal and not one that gives recommendations. Please obtain investment advises from a Registered Investment Advisor through a stock broker

Go down
nihal123
nihal123
Top contributor
Top contributor
Posts : 6327
Join date : 2014-02-24
Age : 54
Location : Waga

Fitch Revises Ratings on 11 Sri Lankan Financial Empty Fitch Revises Ratings on 11 Sri Lankan Financial

on Sat 13 Jun 2020, 07:59
Message reputation : 100% (1 vote)
Fitch Revises Ratings on 11 Sri Lankan Financial Institutions on National Scale Recalibration
Wed 10 Jun, 2020 - 10:50 AM ET

Fitch Ratings - Colombo/Singapore - 10 Jun 2020: Fitch Ratings has revised the National Long-Term Ratings of Sri Lankan financial institutions following the recalibration of the agency's Sri Lankan national rating scale. The recalibration is to reflect changes in the relative creditworthiness among Sri Lankan issuers following Fitch's downgrade of the sovereign rating to 'B-'/Negative from 'B'/Negative on 24 April 2020. Revision ratings are used to modify ratings for reasons that are not related to credit quality in order to reflect changes in the national rating scale.

National scale ratings are a risk ranking of issuers in a particular market designed to help local investors differentiate risk. Sri Lanka's national scale ratings are denoted by the unique identifier '(lka)'. Fitch adds this identifier to reflect the unique nature of the Sri Lankan national scale. National scales are not comparable with Fitch's international rating scales or with other countries' national rating scales. For details, see "Fitch Recalibrates Sri Lanka National Rating Scale", dated 28 May 2020, at www.fitchratings.com/site/pr/10124103.

The National Ratings of the Sri Lankan banks consider their creditworthiness relative to other issuers in the country. The recalibration of the Sri Lankan National Rating scale has resulted in the upward revision of the National Long-Term Ratings of the following Sri Lankan financial institutions:

Banks

Commercial Bank of Ceylon PLC (CB) to 'AA+(lka)' from 'AA(lka)'

Hatton National Bank PLC (HNB) to 'AA+(lka)' from 'AA-(lka)'

Sampath Bank PLC to 'AA-(lka)' from 'A+(lka)'

Seylan Bank PLC to 'A(lka)' from 'A-(lka)'

Cargills Bank Limited to 'A+(lka)' from 'A-(lka)'

Amana Bank PLC to 'BB+(lka)' from 'BB(lka)'

Non-Bank Financial Institutions

Serendib Finance Limited to 'AA-(lka)' from 'A+(lka)' (please see http://www.fitchratings.com/site/pr/10125353)

HNB Finance Limited to 'AA-(lka)' from 'A(lka)'

Siyapatha Finance PLC to 'A(lka)' from 'A-(lka)'

Richard Pieris Finance Limited to 'A-(lka)' from 'BBB+(lka)' (please see http://www.fitchratings.com/site/pr/10125353)

Fintrex Finance Limited to 'B+(lka)' from 'B(lka)'

https://www.fitchratings.com/research/banks/fitch-revises-ratings-on-11-sri-lankan-financial-institutions-on-national-scale-recalibration-10-06-2020
nihal123
nihal123
Top contributor
Top contributor
Posts : 6327
Join date : 2014-02-24
Age : 54
Location : Waga

Fitch Revises Ratings on 11 Sri Lankan Financial Empty Re: Fitch Revises Ratings on 11 Sri Lankan Financial

on Sat 13 Jun 2020, 08:46
Message reputation : 100% (1 vote)
Dear slstock,

How will the Commercial Bank's Fitch Revises Ratings and scrip dividends,( next week) affect to the share prices?
spw19721
spw19721
Active Member
Active Member
Posts : 679
Join date : 2015-08-22

Fitch Revises Ratings on 11 Sri Lankan Financial Empty Re: Fitch Revises Ratings on 11 Sri Lankan Financial

on Sat 13 Jun 2020, 11:58
nihal123 wrote:Dear slstock,

How will the Commercial Bank's Fitch  Revises Ratings and scrip dividends,( next week) affect to the share prices?

Fitch rating upgrade should affect positively .But there are lot of other factors too.
Back to top
Permissions in this forum:
You cannot reply to topics in this forum