Thursday, May 13, 2021

Tag: Notch

Singer (Sri Lanka) downgraded by a notch over Coronavirus

Singer - Facebook

April 18 (EconomyNext) - Singer (Sri Lanka) Plc, a consumer durables retailer has been downgraded to ‘BBB+(lka)’ from ‘A-(lka)’ by Fitch Ratings as curfews to halt the spread of Coronavirus hit sales. “The downgrade and Negative Outlook reflect the significant business interruption from the coronavirus pandemic and the likely implications of a downturn in discretionary consumer spending, which we expect ...

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