*RAM Ratings Lanka has downgraded the long-term financial institution rating of
Central Investments and Finance Limited (“CIFL” or “the Company”), from B+ to C-; the short-term rating remains at N P .The downgrade reflects the Company’s severe liquidity pressure and the acute deterioration in its asset quality as well as financial performance.
*Financial Institution Ratings:
Short-term: NP [Reaffirmed]
- Significant exposure to real estate
- Concentration risk in realestate investments
- Hefty overheads
- Fragile funding and liquidity positions
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i know this is little old news,but please get your decision wisely...
note-ill remove this article if i get negative rep,bcoz i got some negative for some posts which have no issues:(
Last edited by mark on Thu Jul 14, 2011 11:56 am; edited 1 time in total