Fitch Ratings Sri Lanka on Wednesday said it has withdrawn the rating on John Keells Holdings PLC (JKH) “because there will be insufficient information to maintain the rating as the issuer will no longer be taking part in the rating process”. Fitch said in a statement that prior to the withdrawal, JKH's National Long-Term Rating was at 'AA+(lka)' with ‘Stable Outlook’. Fitch will no longer provide ratings or analytical coverage of JKH, the statement said.
Former Chairman of SriLankan Airlines, Nishantha Wickramasinghe, arrested on allegation of corruption by the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) has been remanded until July 1 by the Colombo Magistrate court.
Deputy Minister of Finance and Economic Stabilization and NPP National List MP Harshana Suriyapperuma who is tipped to be named the next Finance Ministry Secretary resigned from Parliament today.
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