News

Our greatest glory is not in never falling, but in rising every time we fall. - Confucius -

  • LOLC Securities – Venture into success
  • LOLC Securities – Venture into success
  • LOLC Securities – Venture into success
  • LOLC Securities – Venture into success
  • LOLC Securities – Venture into success

news

2018/12/05

Fitch downgrades SL

Fitch Ratings joined Moody’s yesterday by downgrading Sri Lanka’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘B’ from ‘B+’, with a Stable Outlook on heightened debt repayments risks and policy uncertainty largely fuelled by ongoing political turmoil. The downgrade reflects heightened external refinancing risks, an uncertain policy outlook and the risk of a slowdown in fiscal consolidation as a result of an ongoing political crisis following President Maithripala Sirisena’s sudden replacement of the Prime Minister on 26 October 2018, Fitch said in a statement. - Daily Ft


Read more

Copyright © 2015 LOLC Securities Limited. All Rights Reserved. Website Design, Development & Hosting by eBEYONDS.