The S&P rating upgrade will be completed after the SriLankan Airlines restructuring, Dr. Nandalal Weerasinghe, Central Bank said at an investor forum on Thursday.
He said that single borrower limits for corporate coming into force will compel banks to diversity their exposures. This will force them to diversify funds into the capital market, he added.
The Sri Lankan capital market also needs large State Owned Enterprises (SOEs) to list in the stock exchange, he noted saying that rasing capital in this method is the right way to go for SOEs.
There is a potential for regulated capital market products for the general public, he also noted saying that this type of products will attract the public and stop them from getting duped by scammers promising high yielding products.
A Sri Lanka Air Force Bell 212 helicopter belonging to the No. 72 squadron has crashed into the Madhuru Oya reservoir this morning, Air FOrce Media Spokesman Eranda Geeganage said.
Update: Five of the twelve passengers on board the bell 212 aircraft that crashed into the Maduru Oya today, have succumbed to their injuries, the SLAF said.
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