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Fitch Affirms Rating on Singer (Sri Lanka) Notes Following Increase in Issue Amount

Mar 19, 2010 2:51:43 AM - thecolombotimes.com

Fitch Ratings-Colombo/Mumbai/Singapore-19 March 2010: Fitch Ratings Lanka has today affirmed the 'A-(lka)' National Long-term debt rating on Singer (Sri Lanka) PLC's (Singer) proposed notes following an increase in the issue amount to LKR1,000m from LKR600m. Simultaneously the agency has affirmed the ratings on Singer's outstanding senior unsecured notes at 'A-(lka)'. The Outlook is Stable.