FINANCIAL CHRONICLE – Fitch Ratings has assigned a National Long-Term Rating of ‘AAA(lka)’ to the proposed unsecured senior redeemable debentures by Sri Lankan conglomerate Hayleys PLC, amounting up to 7 billion rupees. This rating aligns with Hayleys’ existing National Long-Term Rating and unsecured notes. Fitch explained that the subordination risk to debenture holders from subsidiary

Read more