Finance

Fitch Affirms LB Finance’s National Rating at ‘BBB+(lka)’; Outlook Stable

Fitch Ratings has reaffirmed LB Finance PLC’s National Long-Term Rating at ‘BBB+(lka)’ with a Stable Outlook. The rating reflects LB Finance’s solid financial standing, characterized by superior profitability and asset quality compared to its peers. However, the company’s significant exposure to market risk through its extensive gold-backed lending business offsets these strengths. The rating also

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Economics

Sri Lanka’s Economic Recovery to Slow in 2H 2024; Projected Growth at 3.2%

Sri Lanka’s economic growth is anticipated to slow down in the second half of 2024, with a projected overall growth of 3.2%, according to Bloomberg Intelligence. The research arm of Bloomberg attributes the slowdown to tight fiscal policies and weak consumer sentiment, which are expected to limit the pace of recovery. Despite these challenges, Sri

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