The Sri Lankan Banking Sector Special Report

Thursday, 2 February 2012 00:01 - - {{hitsCtrl.values.hits}}

On 4 October 2011, Fitch upgraded Sri Lanka’s Long-Term Local- and Foreign-Currency IDRs to ‘BB−’ from ‘B+’ with a Stable Outlook in July 2011 (see Fitch Upgrades Sri Lanka to ‘BB−’ Outlook Stable). The agency also upgraded the Country Ceiling that captures the transfer and convertibility risk to ‘BB−’ from ‘B+’. The upgrade reflected the stabilisation and recovery of the economy under the IMF programme and increased efforts to address the chronic budget deficit position.

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.