2015-08-03 | 02/17/500/0063/001

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Suspension of Lanka Rating Agency Ltd. as an Acceptable Credit Rating Agency

The Monetary Board has suspended Lanka Rating Agency Ltd (LRA) as an acceptable credit rating agency for regulatory requirements pertaining to licensed commercial banks and licensed specialised banks, effective from 01.07.2015. This suspension follows the non-renewal of registration granted to LRA by the Securities and Exchange Commission of Sri Lanka. Licensed commercial banks and licensed specialised banks are requested to take appropriate measures in this regard.

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