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The SGX Nifty was trading 46.00 points or 0.30 percent higher at record high levels of 15,460.00 at 07:10 AM IST, indicating a positive start.

Additionally, JSHL's short-term credit facilities were assigned IND A/RWE/INDA1 by the agency. This rating factors in a string of positive developments at JSHL in the last few months, despite pandemic-induced disruptions. Ind-Ra has placed the Company's long-term rating on RWE (Rating Watch Evolving), owing to the proposed merger between JSHL and Jindal Stainless (JSL) that is being monitored by the agency. Powered by Capital Market - Live News (This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.) Dear Reader, Business Standard has alway...

January, 25, 2021 Fitch Ratings - Colombo - 25 Jan 2021: 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 'CCC' from 'B-'/Negative on 27 November 2020. Fitch typically does not assign Outlooks or apply modifiers to sovereigns with a rating of 'CCC' or below. Revision ratings are used to modify ratings for reasons that are...

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 ‘CCC’ from ‘B-‘/Negative on 27 November 2020. Fitch typically does not assign Outlooks or apply modifiers to sovereigns with a rating of ‘CCC’ or below. Revision ratings are used to modify ratings for reasons that are not related to credit quality in order t...