A furore broke out this week between two Sri Lankan companies and a rating agency over negative rating announcements, in what is seen as the first public spat between a rating agency and a client.
It comes in the backdrop of serious questions being raised internationally for rating agencies after the global financial crisis some years ago triggered by Lehman Brothers which was rated 'A' by Fitch.
Plans to channel vehicle imports through Hambantota have been deferred by two months to May, Sri Lanka Ports Authority Chairman Dr. Priyath Wickrama said. In an interview with the Business Times, he noted that they would not be commencing operations from March as stated previously.
