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23 January, 2013 07:19 AM Source: News360.lk
Fitch Ratings.jpg

Sri Lanka’s Vallibel Finance Plc’s Stable Outlook has been revised to Negative by Fitch Ratings Lanka.
The rating firm says this was done, taking into consideration the finance firms declining capitalization and the deterioration of its asset quality indicators.

Below is the full rating release issued by Fitch

Fitch Ratings-Colombo/Mumbai/Singapore-22 January 2013: Fitch Ratings Lanka has revised Vallibel Finance Plc’s (VFL) Outlook to Negative from Stable. At the same time, the agency has affirmed VFL’s National Long-Term rating at ‘BB-(lka)’.

Fitch Ratings-Colombo/Mumbai/Singapore-22 January 2013: Fitch Ratings Lanka has revised Vallibel Finance Plc’s (VFL) Outlook to Negative from Stable. At the same time, the agency has affirmed VFL’s National Long-Term rating at ‘BB-(lka)’. More...

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