Fitch rates Citic Ka Wah bond BBB

Fitch Ratings said it assigned a final BBB rating to Hong Kong-based Citic Ka Wah Bank's $250 million lower tier II subordinated debt issue due 2011 following the finalization of the deal size and pricing on Dec. 1.

Fitch rates DSI debenture BBB+

Fitch Ratings said it assigned an expected BBB+(lka) rating to Sri Lanka-based DSI Holdings Ltd.'s proposed LKR300 million debenture issue. The company retains the option to upsize the issue up to a maximum of LKR500 million.

The company, which is rated national long-term BBB+(lka) with a stable outlook, will use the funding to replace some of its existing short-term borrowings, Fitch said.

DSI is the country's largest manufacture and retailer of footwear in terms value, volume and points of presence, the agency said.

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