Regulatory Alerts2021-09-24 | Circular No. 8 of 2021Recognition of Lanka Rating Agency Ltd as an Acceptable Credit Rating Agency
The Central Bank of Sri Lanka recognizes Lanka Rating Agency Ltd as an acceptable External Credit Assessment Institution across key regulatory frameworks for licensed finance and specialized leasing companies. This designation validates LRA’s credit ratings for capital adequacy calculations, credit facility classification, and foreign currency borrowing assessments. Consequently, the Central Bank updates Table 5 to align LRA’s rating notations with Fitch and ICRA for computing total risk-weighted assets.
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