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
Russian Navy training ship 'Perekop' arrives in Sri Lanka's Colombo port
-- [38 minutes ago]
Prime Minister commissions 2nd AOPV of Sri Lanka Navy
-- [1 hour and 51 minutes ago]
ADB receives $12.6 million grant from We-Fi to promote Sri Lankan women entrepreneurs
Commonwealth Heads of Government Meeting 2018 opens at Buckingham Palace
Sri Lanka to give leadership for mangrove conservation in Commonwealth countries
Twelve suspects who assaulted foreign tourists in the South remanded
Petroleum Minister says the government should decide raising fuel prices
Special committee appointed to compensate vehicles damaged due to garbage dump collapse in Meethotamulla
Iranian Speaker urges to boost industrial ties between Iran and Sri Lanka
FAO recognizes Sri Lanka's Ellanga Gammana agrarian system as a Globally Important Agricultural Heritage System

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.