Fitch has assigned Home Lands Skyline pvt Ltd, a real estate developer, a national Long-term rating of A(lka) with a stable outlook despite the weak domestic economy.
A total of 24 Sri Lankan companies were honoured for their excellent annual reporting and for also promoting transparency, accountability, and governance in financial reporting at the 25 th Best Presented Annual Report Awards of the South Asian Federation of Accountants (SAFA). The prestigious Sou
Fitch Ratings has downgraded the Sri Lanka-based Lakdhanavi Limited’s National Long-Term Rating to ‘AA-(lka)’ from ‘AA+(lka)’. The Outlook is Stable. The downgrade reflects the risk of disruptions to Lakdhanavi’s domestic operations from a potential fuel shortage and heightened counterparty risk due to its exposure to payments from the Sri Lankan government (Long-Term Foreign-Currency Issuer Default.
Redworks, the specialized corporate communications arm of Phoenix Ogilvy Group completed a successful year in 2021 by gaining momentum in performance despite the challenging business environment. Redworks is backed by one of the most diversified communications agencies in Sri Lanka, the Phoenix Ogilvy Group. Thereby, the company has gained the competitive advantage to leverage on […]
By Hiran H.Senewiratne The CSE suddenly dropped yesterday due to profit- takings in the LOLC Group of companies and Expolanka Holdings but on the previous day the CSE sustained its bullishness disregarding political and economic concerns with both indices up by over 1 per cent and above average turnover, stock market analysts said. Index heavy […]