Business Times

CBSL appoints sovereign rating committee

The Central Bank of Sri Lanka (CBSL) has appointed a high level Sovereign Rating Committee, comprising CBSL officials and private sector businessman to conduct regular reviews on the developments of the economy and convey these improvements to rating agecies through rating advisors to upgrade the country’s rating level.

According to the CBSL Road Map for 2010 and beyond, the Bank is taking necessary steps to upgrade the country’s sovereign rating from the current B+ (stable)/B (positive) to an investment grade of BBB- or higher over the next four year period.

CBSL said in a statement this week that there is a carefully designed, forward looking and effective strategy with the participation and cooperation of the all stakeholders, country authorities, private sector business leaders, chambers and rating advisors, will be implemented. Members of the Committee include CEO of Brandix Lanka Ashroff Omar, Managing Director of Nestle Lanka David Saudan, Chairman of the Ceylon Chamber of Commerce (CCC) Anura Ekanayake, Managing Director of Triad Dilith Jayaweera, Secretary General of the Bankers’ Association Upalid de Silva and Managing Director of Lanka IOC Suresh Kumar.

CBSL officials include the Deputy Governor K.G.D.D. Dheerasinghe who will also serve as Committee Chairman, Assistant Governor J. Mampitiya, Director of Economic Research K.D. Ranasinghe, Superintendent of Public Debt C.J.P. Siriwardena and Additional Superintendent of Public Debt C.N. Wijayasekera. Also included in the Committee is the Deputy Secretary of the Treasury U.R. Seneviratne.

Top to the page  |  E-mail  |  views[1]
SocialTwist Tell-a-Friend
Other Business Times Articles
Controversy over costs and revenue of IIFA
BOI funds transfer to Treasury, agreements being reviewed
Asiri Hospitals eyeing Bangladesh
e-Sri Lankans assist in building a unique global chip
Dankotuwa directors meet on Wednesday on liquidation issue
Motorcycle prices soon up by Rs. 6000
ODEL raises capital, expands
Economic lessons from Mahathir
Lessons from the Maldives
Sri Lanka's satellite: Lost in space?
Debating CEPA or destroying the debaters?
South Asia does well in post-financial crisis recovery
DCSL annual profit down 30%, quarterly profit down 49%
Sri Lanka among the safest places in the world - PM
Ampara farmers rejuvenated by rehabilitated irrigation canal
Lankan Minister predicts booming economy for Sri Lanka with north-east contribution
Kilinochchi businessmen limited credit due to lack of collateral
John Keells celebrates World Environment Day
DFCC Bank profits rise
Tax reduction will cause problems to the state
CEOs want HR to demonstrate high enthusiasm for the business
Mahathir Mohamad makes his mark in Sri Lanka
Dankotuwa eyes domestic market for future growth
Ceylon Guardian Group reports Rs.1.6 mln profit
CB's loans more than Rs 3 billion to the North
Sri Lanka Insurance launches door-to-door service
CILT enters the CCC umbrella
CMA panel discussion on “Sustainable Business”
Finlay’s Estates gets Rainforest Certification
CSE responds to SEC on LOLC's stockbroker licence
Drilling starts next year on 3 oil wells
Hemas will see FMCG, leisure and power sectors boost profits
CBSL appoints sovereign rating committee
Struggling real estate, property development to return as key investment avenues
NCE targets US$20 billion in exports by 2020
Full service virtual ad agency launched globally
LOLC profits up as cost of sales falls
ADB provides US$ 212.8 mln for North-East development
‘We believe, We achieve, We win’ - new theme for SLIM
Dialog TV partners Orange Electric for customer education drive
CMA Accounting Summit - Regional Heads meet in Colombo
Derivatives demystified


Reproduction of articles permitted when used without any alterations to contents and a link to the source page.
© Copyright 2010 | Wijeya Newspapers Ltd.Colombo. Sri Lanka. All Rights Reserved.| Site best viewed in IE ver 6.0 @ 1024 x 768 resolution