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Fitch Affirms Ratings on 15 Sri Lankan Banks; Removes Watch Negative; CBL on Negative Outlook - Adaderana Biz English

Fitch Ratings has affirmed Bank of Ceylon’s (BOC) Long-Term Local-Currency Issue Default Rating (IDR) at ‘CCC-‘ and removed it from Rating Watch Negative (RWN). The Outlook is Stable. At the same time, Fitch has affirmed the National Long-Term Ratings of the following banks, removed them from RWN and assigned Stable Outlooks: – BOC at ‘A(lka)’.

Sri lankaFitch ratings lanka ltdSampath bankHousing development finance corporation bankNational longAct holdingsCentral bankFitch incNations trust bankAmana bankPeople bank sri lankaSanasa development bankCargills bank limitedSeylan bankNational development bankHatton national bank

Fitch Affirms Ratings on 15 Sri Lankan Banks; Removes Watch Negative; CBL on Negative Outlook

Fitch Affirms Ratings on 15 Sri Lankan Banks; Removes Watch Negative; CBL on Negative Outlook
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Sri lankaNational development bankSanasa development bankPeople bank sri lankaPan asia banking corporationHatton national bankUnion bankAmana bankCargills bank limitedNational longSampath bankSeylan bankHousing development finance corporation bankFitch ratingsNations trust bankLong term local currency issue default rating

Sri Lanka : Fitch affirms ratings on 15 Sri Lankan banks; Removes Watch Negative; CBL on Negative Outlook

Sri Lanka : Fitch affirms ratings on 15 Sri Lankan banks; Removes Watch Negative; CBL on Negative Outlook
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Sri lankaSri lankanNations trust bankPan asia banking corporationAmana bankSampath bankFitch ratingsPeople bank sri lankaSeylan bankUnion bankHousing development finance corporation bankSanasa development bankNational development bankHatton national bankCargills bank limitedNational long

Fitch downgrades ten Lankan banks to Rating Watch Negative

Fitch downgrades ten Lankan banks to Rating Watch Negative
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Sri lankaSri lankanHatton national bankNational ratingsSeylan bankNational development bankNational ratings of the sri lankanPeople bank sri lankaAct holdingsCargills bank limitedSri lankan national ratingSampath bankNations trust bankNational long term ratingsNational longFitch ratings

Fitch downgrades National Long-Term Ratings of 10 Sri Lankan banks

Fitch Ratings has downgraded the National Long-Term Ratings of 10 Sri Lankan banks following the recent sovereign downgrade and recalibration of the agency's Sri Lankan national rating scale. The recalibration is to reflect changes in the relative creditworthiness among Sri Lankan issuers follow

Sri lankaSri lankanHatton national bankFitch ratingsSeylan bankNational development bankNational ratings of the sri lankanPeople bank sri lankaCargills bank limitedSri lankan national ratingSampath bankNations trust bankNational longNational long term ratingsLong term local currency issuer default ratingUnder criteria observation