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::

* HDFC Bank of Sri Lanka changes rating agency after Fitch withdraws ratings
Mon, Jun 30, 2014, 09:16 pm SL Time, ColomboPage News Desk, Sri Lanka.

June 30, Colombo: The Housing Development Finance Corporation Bank of Sri Lanka's (HDFC Bank) has decided to change the rating agency after Fitch Ratings withdrew the rating after affirming BBB rating.

The HDFC Bank in a stock market disclosure today said it has taken a policy decision to change the Rating Agency from Fitch Ratings Lanka Limited to Lanka Rating Agency Ltd., formerly known as RAM Ratings Ltd., as its Credit Rating Agency.

The decision has been approved by the Board of Directors of the Bank in February 2013.

Fitch Ratings Lanka on Friday affirmed the HDFC Bank National Long-Term Rating at 'BBB(lka)' with a Stable Outlook and has simultaneously withdrawn the rating.

The rating has been withdrawn as it is no longer considered by Fitch to be relevant to the agency's rating coverage. Fitch Ratings said it will no longer provide ratings and analytical coverage of HDFC Bank.

Lanka Rating Agency has assigned the HDFC Bank BBB rating with stable outlook.

** Related Story :: Fitch Affirms and Withdraws Sri Lanka\'s HDFC Bank Rating

ColomboPage - Recent 10 Stories
Colombo's first Seychelles forum attracts Sri Lankan businesses
-- [4 hours ago]
Sri Lanka main ruling party denies any connection to attacks on opposition political party offices
-- [5 hours ago]
Sri Lanka police opens new station in Nilaveli
-- [5 hours ago]
External Affairs Minister reviews progress of Sri Lankan missions in Europe
-- [5 hours ago]
India-assisted industrial park in former Sri Lanka war zone to attract potential local and foreign investors
-- [6 hours ago]
India funded development projects worth Rs. 365 million inaugurated in Northern Sri Lanka
-- [6 hours ago]
Sri Lanka Tourism's mega taxi advertising campaign in Germany draws high response
Sri Lanka launches program to grant concessionary loans to Divineguma beneficiary families
Sri Lanka Election Commissioner asks IGP to strengthen security in Uva Province
SME's in Japan invited to set up their manufacturing facilities in Sri Lanka

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.