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Singer Sri Lanka raised to AA (lka)

7 February, 2021
Singer Sri Lanka’s National Long-Term Rating was elevated to AA(lka) following a recalibration by Fitch Ratings of its Sri Lankan National Rating scale.
According to Fitch Ratings this rating affirmation, has been revised to ‘AA(lka)’ from ‘BBB+(lka)’. The outlook for this credit rating is stable.
Singer Sri Lanka has continued to showcase robust financial results and a strong turnaround during the last few quarters, despite challenging pressures due to the effects of the Covid-19 pandemic.
The Group’s strong comeback bears testament to its proactive strategic initiatives adopted to boost sales, and its drive to improve profitability under difficult market conditions mainly caused by the Covid-19 pandemic. Solid results during the last few quarters is also due to the process efficiencies and cost rationalisation implemented in recent months supported by a resilient demand for the Group’s information technology products. ....

Sri Lanka , Sri Lankan , Fitch Ratings , Singer Sri Lanka National Long , National Long , Sri Lankan National Rating , Singer Sri Lanka , National Long Term Rating , National Long Term Ratings , Singer Finance , Current Affairs , Sunday Column , News Features , Arts Amp Culture , ஸ்ரீ லங்கா , ஸ்ரீ லங்கன் , ஃபிட்ச் ரேடிஂக்ஸ் , பாடகர் ஸ்ரீ லங்கா தேசிய நீண்டது , தேசிய நீண்டது , ஸ்ரீ லங்கன் தேசிய ரேடிஂக் , பாடகர் ஸ்ரீ லங்கா , தேசிய நீண்டது கால ரேடிஂக் , தேசிய நீண்டது கால ரேடிஂக்ஸ் , பாடகர் நிதி , தற்போதைய வாழ்க்கைத்தொழில்கள் , ஞாயிற்றுக்கிழமை நெடுவரிசை ,

Singer (Sri Lanka) raised to AA (lka)

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Singer (Sri Lanka) raised to AA (lka)
Daily News (via HT Media Ltd.)
Singer Sri Lanka’s National Long-Term Rating was elevated to AA (lka) following a recalibration by Fitch Ratings of its Sri Lankan National Rating scale.
According to Fitch Ratings this rating affirmation, has been revised to ‘AA (lka)’ from ‘BBB+(lka)’. The outlook for this credit rating is stable. Singer Sri Lanka has continued to showcase robust financial results and a strong turnaround during the last few quarters, despite challenging pressures due to the effects of the Covid pandemic.
The Group’s strong comeback bears testament to its proactive strategic initiatives adopted to boost sales, and its drive to improve profitability under difficult market conditions mainly caused by the Covid-19 pandemic. Solid results during the last few quarters is also due to the process efficiencies and cost rationalisation implemented in recent months supported by a resil ....

Sri Lanka , Sri Lankan , Sri Lanka Institute Of Marketing , Fitch Ratings , Singer Sri Lanka National Long , Consumer Goods Large Organization Category , National Long , Sri Lankan National Rating , Singer Sri Lanka , National Long Term Rating , Restart Resilience Awards , Sri Lanka Institute , National Long Term Ratings , Singer Finance , ஸ்ரீ லங்கா , ஸ்ரீ லங்கன் , ஸ்ரீ லங்கா நிறுவனம் ஆஃப் சந்தைப்படுத்தல் , ஃபிட்ச் ரேடிஂக்ஸ் , பாடகர் ஸ்ரீ லங்கா தேசிய நீண்டது , நுகர்வோர் பொருட்கள் பெரியது ஆர்கநைஸேஶந் வகை , தேசிய நீண்டது , ஸ்ரீ லங்கன் தேசிய ரேடிஂக் , பாடகர் ஸ்ரீ லங்கா , தேசிய நீண்டது கால ரேடிஂக் , மறுதொடக்கம் விரிதிறன் விருதுகள் , ஸ்ரீ லங்கா நிறுவனம் ,