Fitch Ratings has taken rating action on Sri Lankan non-financial corporates following the recalibration of its Sri Lankan National Rating scale to reflect changes in the relative creditworthiness among the country’s issuers following the downgrade of the sovereign rating to ‘CCC’ from ‘B-‘ on 27 November 2020. Fitch typically does not assign Outlooks or apply modifiers to sovereigns with a rating of ‘CCC’ or below. For details, see “Fitch Ratings Recalibrates its Sri Lankan National Rating Scale”, dated 22 December 2020, at www.fitchratings.com/site/pr/10147729.
The recalibration of our Sri Lankan National Rating scale has resulted in rating affirmations in some cases and the assignment of revision ratings to others. Revision ratings are used to modify ratings for reasons that are not related to credit quality.
By Reuters Staff
2 Min Read
Jan 8 (Reuters) - Sri Lankan shares closed higher on Friday and logged their best week in two months, as industrial and consumer stocks gained amid a global rally on hopes of economic recovery. The CSE All Share Index ended up 0.31% at 7,119.53, its highest closing level since September 2015. It ended the week 5.1% higher, clocking its 10th straight week of gains. Conglomerate Expolanka Holdings Plc was the top boost to the index on Friday, closing up 10.3%, while liquor maker Distilleries Company of Sri Lanka advanced 5.6%. Trading volume on the index fell to 612.3 million from 1.04 billion in the previous session.
Tue, Dec 22, 2020, 10:50 am SL Time, ColomboPage News Desk, Sri Lanka. Dec 22, Colombo: The Colombo Stock Exchange (CSE) announced the changes in S&P Sri Lanka 20 index constituents made by S&P Dow Jones Indices at the 2020 year-end index rebalance.
The exclusions and inclusions as announced by S&P Dow Jones Indices, effective from 21st December 2020 (after the market close of 18th December 2020).
The index excluded Aitken Spence PLC, Central Finance Co., PLC, Ceylon Tobacco Co., LOLC Finance, Overseas Realty (Ceylon) PLC, Richard Pieris & Co PLC and Seylan Bank PLC
Dipped Products PLC, Distilleries Company of Sri Lanka PLC, Expolanka Holdings PLC, Hayleys PLC, Hemas Holdings, Royal Ceramics Lanka PLC and Tokyo Cement Co. (Lanka) PLC have been included in the S&P Sri Lanka 20 index.
Monday 14th December, 2020
Most countries are making preparations for mass vaccination campaigns to rid themselves of coronavirus, and busy sorting out financial and logistical issues. The UK has already begun inoculating its citizens against COVID-19. The US and India are among the nations planning to do so soon. But, in this land like no other, government politicians are busy promoting untested cures.
Large crowds were recently seen converging on a village in Kegalle, where a herbal syrup described as a cure for COVID-19 was distributed, free of charge. They blatantly violated the health guidelines, which, among other things, prohibit mass gatherings which are fraught with the danger of turning out to be superspreading events. The Health authorities do not seem to care.