Fitch Ratings announced that Sri Lanka’s ongoing economic recovery, combined with moderating inflation and lower interest rates, is set to drive the growth of finance and leasing companies (FLCs) in the financial year ending March 2025 (FY25). The positive outlook is also supported by the potential relaxation of vehicle import restrictions, which have been in
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
Diesel & Motor Engineering PLC (DIMO) and Tata Motors have unveiled the all-new Tata Xenon Yodha, a versatile and affordable pickup designed specifically for the Sri Lankan market. The Tata Xenon Yodha features a 3.0-litre Diesel BS4 Intercooler turbo engine and is equipped with advanced safety features such as a Steering Column and ABS brake