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Fitch revises 7, affirms 7 SL non-fin corporates' ratings on national rating scale revision


Fitch Ratings has taken rating action on Sri Lankan non-financial corporates following the recalibration of its Sri Lankan National Rating scale to reflect changes in the relative creditworthiness among the country’s issuers following the downgrade of the sovereign rating to ‘CCC’ from ‘B-‘ on 27 November 2020. Fitch typically does not assign Outlooks or apply modifiers to sovereigns with a rating of ‘CCC’ or below. For details, see “Fitch Ratings Recalibrates its Sri Lankan National Rating Scale”, dated 22 December 2020, at www.fitchratings.com/site/pr/10147729.
The recalibration of our Sri Lankan National Rating scale has resulted in rating affirmations in some cases and the assignment of revision ratings to others. Revision ratings are used to modify ratings for reasons that are not related to credit quality. ....

North Central , Sri Lanka , Sri Lanka Telecom , Sri Lankan , Fitch Ratings , Singer Sri Lanka , Continental Insurance Lanka , Sri Lankan National Rating Scale , Sunshine Holdings , Sri Lankan National Rating , Hemas Holdings , Sierra Cables , Kotagala Plantations , National Long , Sunshine Wilmar Private , Feni Lanka Limited , Lakdhanavi Bangla Power Limited , Aitken Spence , Holdings Private , Carson Cumberbatch , Samson Group Private Limited , Sri Lankan National Ratings , Lion Brewery Ceylon , Dialog Axiata , Distilleries Company Of Sri Lanka , Ratings Recalibrates ,

CIMA-ICCSL-Daily FT Most Admired Companies of Sri Lanka 2020 winners announced


Sampath Bank PLC
Sunshine Holdings PLC
These awards recognise companies that are a cut above the rest in terms of not just their financial performance but also the value they create for their shareholders, customers, employees and the wider community in general. These companies inspire other organisations and entrepreneurs. They have proven their mettle with consistency, authority and sustainable growth, creating excellent business performance.
What set these awards apart from the plethora of award competitions and schemes, was the stringent evaluation based on globally accepted criteria by a distinguished panel of judges. These awards were open for companies that have been in business for over five years as at 30 June 2020, had 30% or more Sri Lankan ownership and was also open to both listed and unlisted companies.  ....

Sri Lanka Telecom , Sri Lanka , Sri Lankan , Zahara Ansary , Harsha Cabral , Reyaz Mihular , Deepal Sooriyaarachchi , Varuni Amunugama Fernando , Sulochana Sigera , Rajeev Amarasuriya , Santosh Menon , Ravi Abeysuriya , Malith Gunasekara , Dinesh Weerakkody , Sunil Dissanayake , Hatton National Bank , Ceylinco Life Insurance Ltd , Association Of International Certified Professional Accountants , Dilmah Ceylon Tea Company , Sunshine Holdings , John Keells Holdings , Cargills Ceylon , Sampath Bank , People Bank , International Chamber , Aitken Spence ,

DIMO Overall Winner at CMA Excellence in Integrated Reporting Awards 2020


Wednesday, 30 December 2020 00:01
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Overall Winner (Gold Award) – Diesel & Motor Engineering DIMO Group CEO Gahanath Pandithage receiving the award from SEC Chairman President’s Counsel Viraj Dayaratne joined by CSE DG Rajeeva Bandaranaike and CMA President Prof. Lakshman R. Watawala 
 
Hybrid event conducted virtually and awards presented personally
The ‘CMA Excellence in Integrated Reporting Awards 2020’ was held for the sixth consecutive year to recognise and honour Sri Lankan companies preparing high quality integrated reports. With the challenges faced by the COVID-19 pandemic, this time the awards ceremony was held as a hybrid event combining both virtual and awards presented personally on 21 December. ....

Sri Lanka , South Africa , National Savings Bank , Sri Lankan , Gahanath Pandithage , Lakshmanr Watawala , Rajeeva Bandaranayake , Viraj Dayaratne , Mohan Thanthirige , Rajeeva Bandaranaike , Mervyn King , Keasila Jayawardena , John Stanhope , Rajeev Bandaranaike , Hatton National Bank , Deakin University Australia , Association Of Accounting Technicians Sri Lanka , Exchange Commission Of Sri Lanka , Access Engineering , Global Reporting Initiative , People Insurance , Enterprises Companies , Deakin University , Department Of Accounting , Union Assurance , Asian Federation Of Accountants ,