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Economy & businessUpdated

Fitch assigns CBC Finance’s proposed debt ‘BBB+(EXP)(lka)’ rating

From EconomyNext ·
Headline from EconomyNext
2 outlets · 2 reports · latest EN 2English 2 · all privateOwners: all private.
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Fitch assigns CBC Finance’s proposed debt ‘BBB+(EXP)(lka)’ ratingPhoto: EconomyNext

AI summary · 1 min read

1 min readFrom 2 outlets
  • EconomyNext and Lanka Business Online say the debentures are expected to be listed on the Colombo Stock Exchange.
  • Both outlets report that Fitch rated the proposed debt two notches below CBC Finance’s National Long-Term Rating.
  • The outlets say Fitch cited expected extraordinary support from parent Commercial Bank of Ceylon.
Based on: LBO, EconomyNextWritten by AI from LBO, EconomyNextthese 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.

  1. Lanka Business Online · Fitch Rates Merchant Bank of Sri Lanka’s Proposed Subordinated Debt ‘BBB+(EXP)(lka)’
  2. Hiru News · Fitch assigns ‘A(lka)’ rating to Sampath Bank’s proposed Rs. 10 billion debentures

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