Sri Lankan financial services provider HNB FINANCE, recently had its National Long-term rating upgraded to 'AA-(lka)' with a negative outlook following the recalibration of Fitch's rating scale for Sri Lanka.
The recalibration was conducted to reflect changes in the relative creditworthiness among Sri Lankan issuers following Fitch's downgrade of the sovereign rating after comprehensive industry analysis. HNB FINANCE's revised rating reflects the outlook on the ratings of its parent company HNB PLC – Sri Lanka's largest private sector bank, the company said in a media release.
"The upward revision of HNB FINANCE's National Long Term Rating is a reflection of our proven ability to deliver exceptional financial services over the past 19 years. As our country's economy begins to recover from the disruptions caused by COVID-19 pandemic, we will remain committed to fostering continuous growth and uplifting communities across the island," HNB FINANCE Managing Director, Chaminda Prabhath said.
The revision of HNB FINANCE's rating follows the company’s shares being listed on the Colombo Stock Exchange under the Diri-Savi Board.
Mr. Ali Sabri Rahim, a Member of Parliament (MP) for Puttalam District whom an open warrant had been issued, attended a public ceremony at Al Aksha National School in Kalpitiya today (16) as the special guest of honor.
All Ceylon Makkal Congress MP Ali Sabri Raheem had been arrested by Kalpitiya police after he surrendered to the police today morning.
Senior DIG Nilantha Jayawardena has been sent on compulsory leave pending disciplinary investigation over his failure to prevent the Easter Sunday bombings.
The 22nd amendment to the constitution dealing with the term of the President has been gazetted by order of President Ranil Wickremesinghe.
Auspicious times widely followed by candidates keeping with traditions will be taken into consideration by the Election Commission in fixing the date and time for the conduct on the Presidential polls.
The Cabinet of Ministers has granted policy approval to change the wording “exceeding six years” in paragraph (b) of Article 83 of the Constitution to “exceeding five years” with reference to the President’s tenure.
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