Singer Sri Lanka rating unaffected by shareholder change: Fitch
Sept 20, 2017 (LBO) – Sri Lanka’s Hayleys PLC’s acquisition of a controlling stake in Singer (Sri Lanka) PLC (Singer, A-(lka)/Stable) is neutral for Singer’s rating, Fitch ratings said in a statement. This is because Hayleys’ balance sheet will be stretched significantly following the completion of the Singer acquisition despite Hayleys’ stronger business risk profile […]