MTI Corporate Finance helps ICRA’s Sri Lanka launch

Tuesday, 14 June 2011 00:12 - - {{hitsCtrl.values.hits}}

MTI Corporate Finance has successfully concluded a pioneering market entry assignment with ICRA Lanka, a wholly-owned subsidiary of India’s rating giant ICRA Limited. MTI helped ICRA on pre-incorporation formalities facilitating to understand the market, the key participants and the regulators of the industry. Having identified the opportunity MTI further assisted ICRA to incorporate its Sri Lankan entity and to obtain the rating licence from the Securities and Exchange Commission of Sri Lanka.

MTI is pleased on its contribution towards the development of Sri Lanka’s capital markets while emphasising the importance of investor confidence for such development which is strongly backed by credit rating of the investees.

According to W. Don Barnabas, Director of ICRA Lanka, although Sri Lanka has a relatively developed equity market, the debt market is still in its infancy. There is great scope to develop this market, and that augurs well for the ratings business in Sri Lanka. Commenting on the current status of the ratings business in that country, Barnabas further said that there is large scope to add to the width and depth of the ratings market in Sri Lanka.

MTI Corporate Finance is a subsidiary of Global Management Consultancy MTI Consulting. MTI Corporate Finance offers a full range of Corporate Finance Solution in the major domains of Corporate Funding & IPOs, Incorporations & Acquisitions, Asset Management, and Governance & Compliances. The unit is backed by a team of Corporate Finance Specialists with extensive experience in Corporate Finance and related Finance Solutions.