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* Fitch Affirms Ceylon Income Fund at 'A-(lka)'
Wed, Jun 18, 2014, 10:25 am SL Time, ColomboPage News Desk, Sri Lanka.

June 18, Colombo: Fitch Ratings has affirmed the National Fund Credit Rating assigned to the Ceylon Income Fund at 'A-(lka)'.

The Ceylon Income fund is managed by Ceylon Asset Management. It primarily invests in corporate debt instruments rated "Investment Grade" BBB - or better, Bank Deposits, Securities Issued or Guaranteed by Banks and Government Securities.

The affirmation of the 'A-(lka)' National Fund Credit Rating is driven by the fund's stable weighted average rating factor (WARF) and rating distribution, while reflecting Fitch's opinion that the fund is moderately concentrated, Fitch said.

Fitch Ratings-Colombo-17 June 2014: Fitch Ratings has affirmed the National Fund Credit Rating assigned to the Ceylon Income Fund at 'A-(lka)'. The fund primarily invests in corporate debt instruments and is managed by Ceylon Asset Management (CAM).

The Full statement by Fitch Ratings can be found here:

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