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Fitch Ratings has affirmed and subsequently withdrawn Pfizer, Inc.'s, Wyeth LLC's and Pharmacia Corp.'s ratings, including their 'A' Issuer Default Ratings and senior unsecured debt ratings at...
By Hiran H.Senewiratne The Colombo Stock Exchange (CSE) gained over two percent within the first hour of trade yesterday and was able to maintain 100 points throughout the day. Apparently, the restoration of political stability in the country to a considerable degree and the sentiments expressed by U.S. investment bank JPMorgan last week backing Sri […]
Kunming, May 21 On the 21st day, at the launching ceremony of Cultural Exchange Events – Sri Lanka of 2022“Beautiful China, Colorful Yunnan” and International Tea Day Activities held in Kunming, Yunnan Province. The tea enterprises of China and Sri Lanka signed the cooperation intention agreements in the form of “contracting on cloud”. The two […]
Swisstek Aluminium Ltd. was recently ranked among Sri Lanka’s top 10 best-managed companies in the list compiled by the Institute of Chartered Professional Managers of Sri Lanka (CPM), for the period 2020-2021. At the CPM’s ‘Best Management Practices Awards 2022’, held under the theme ‘Back to Business in the New Normal’, Swisstek Aluminium emerged as […]
‘Completion of a commercial debt restructuring could lead to positive rating upgrade’ SriLankan Airlines’ USD 175 million government-guaranteed 7% unsecured bonds due 25 June 2024 has been affirmed by Fitch Ratings at ‘C’ due to it being part of the debt moratorium announced by the government on 12 April 2022, under the category of public […]