With plans for growth and expansion, RAM Ratings Sri Lanka moved into its new premises down Melbourne Avenue yesterday.
In Sri Lanka since 2004, the company acts as an independent body conducting rating on banks as well as finance, leasing and insurance companies on top of corporate (credit) and issue ratings.
Having gained a considerable market share in the rated market, RAM Ratings is the leader in rating of finance and insurance companies. It is a domestic rating agency registered with the Securities and Exchange Commission.
RAM Ratings CEO Adrian Perera noted that the move into the new premises was in line with the company’s expectations of growth within the next few years. “We also have a number of new products which we look forward to introducing to the market in the future,” he revealed.
Having established an affiliation with internationally-renowned Standard and Poor’s, RAM Ratings will host the Managing Director of Standard and Poor’s Singapore on 27 March to assess the global conditions and impact on Asia.
“We want to grow and we want to be there to cash in when the economy grows,” Perera said. “We needed a bigger space, away from distraction, to further our work in Sri Lanka. We believe that the country has much potential to become a key player in the Asian region in the future.”