Lankapage Logo Recent Top Stories
CP 14 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* 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:

ColomboPage - Recent 10 Stories
India to contest Sri Lanka court's death sentences of fishermen through legal process
-- [5 hours ago]
Sri Lanka to establish a new Vessel Monitoring System (VMS) to monitor fishing boats
-- [6 hours ago]
India pledges Rs.10 million as immediate relief for Sri Lanka landslide victims
-- [6 hours ago]
Sri Lanka national carrier receives first of six new A330-300 on order
-- [7 hours ago]
New mission chiefs to Sri Lanka express condolences on Koslanda landslide
-- [8 hours ago]
Catholic Church of Sri Lanka rejects reports of president influencing the church to stop papal visit
-- [8 hours ago]
Madhu Road - Thiruketheeswaram sector of Sri Lanka's Northern Railway line tested
-- [9 hours ago]
Pakistan offers assistance to the Sri Lankan landslide victims
Coalition party of Sri Lanka's ruling alliance to abstain from voting for the budget
Sri Lanka Opposition Leader visits landslide affected village

Copyright © 2000, 2014 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.