- Last Update 2025-06-20 19:57:00
Fitch downgrades 10 Sri Lankan banks’ ratings
Fitch Ratings has downgraded the National Long-Term Ratings of 10 Sri Lankan banks following the recent sovereign downgrade and recalibration of the agency's Sri Lankan national rating scale.
The recalibration is to reflect changes in the relative creditworthiness among Sri Lankan issuers following Fitch's downgrade of Sri Lanka's Long-Term Local Currency Issuer Default Rating (IDR) to 'CC' from 'CCC'/Under Criteria Observation on 1 December 2022, the agency said in a statement.
National scale ratings are a risk ranking of issuers in a particular market designed to help local investors differentiate risk. Sri Lanka's national scale ratings are denoted by the unique identifier '(lka)'. Fitch adds this identifier to reflect the unique nature of the Sri Lankan national scale. National scales are not comparable with Fitch's international rating scales or with other countries' national rating scales.
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- June 12, 2025 - 456 - 0
Badminton: World No.2 ranked Anders to play exhibition match against Viren at MBA Courts on Friday
An exhibition badminton match between Sri Lanka’s youngest Olympian shuttler, Viren Nettasinghe, and Anders Antonsen, the World No.2 ranked in Men’s Singles, will take place at the Mercantile Badminton Association (MBA) Courts at Malalasekara Mawatha, Colombo 7 on Friday (13).
- June 11, 2025 - 167 - 0
Customs seize Rs. 119 Mn worth of cigarettes and whisky hidden in furniture shipment
In a major detection at the Ceylon Shipping Lines (CSL) warehouse in Colombo 09, Sri Lanka Customs officers uncovered a large consignment of contraband cigarettes and whisky concealed within a shipment declared as household furniture and personal goods.
- June 12, 2025 - 153 - 0
Sri Lanka condoles with families of victims of Air India crash
Sri Lanka shared its condolences with bereaved family members of the victims of the Air crash in India today.
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