Economy & businessUpdated
Fitch Assigns CBC Finance’s Proposed Subordinated Debt ‘BBB+(EXP)(lka)’ Rating
From Lanka Business Online ·
Headline from Lanka Business Online
1 outlet · 1 report · latest EN 1English 1 · all privateOwners: all private.
Photo: LBOAI summary · 1 min read
1 min readFrom 1 outlets- Lanka Business Online reports that the rupee-denominated debentures are expected to be listed on the Colombo Stock Exchange.
- Lanka Business Online says Fitch’s expected rating sits two notches below CBC Finance’s national long-term rating, reflecting loss severity and anticipated weak recovery in default.
- Lanka Business Online reports Fitch expects extraordinary support from CBC Finance’s parent, Commercial Bank of Ceylon PLC.
Based on: LBOWritten by AI from LBOthese outlets’ reports. Not reviewed by an editor. It can be wrong — the original reports are the authority. .
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Earlier coverage
Reports on the same subject from the months before this story.
- Lanka Business Online · Fitch Rates Merchant Bank of Sri Lanka’s Proposed Subordinated Debt ‘BBB+(EXP)(lka)’
- Lanka Business Online · Fitch Rates Sampath Bank’s Proposed Basel III Subordinated Debentures Final ‘A(lka)’
- EconomyNext · Fitch Ratings recalibrates Sri Lanka’s national rating scale
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