National credit ratings of Sri Lanka’s licensed banks and finance companies from Fitch Ratings Lanka and Lanka Rating Agency — grade, outlook and each agency’s latest action.
52 ratedNational long-term ratingBest first
| # | Rating history | |||
|---|---|---|---|---|
| 1. |  NSBSpecialised bank | — | AAAStable | |
| 2. |  Standard CharteredCommercial bank | AAA(lka)Stable | — | |
| 3. |  Dialog FinanceFinance company | AA(lka)Stable | — | |
| 4. |  Habib BankCommercial bank | AA(lka)Stable | — | |
| 5. |  MCBCommercial bank | AA(lka)Stable | — | |
| 6. |  People'sCommercial bank | AA-(lka)Stable | AAStable | |
| 7. |  BOCCommercial bank | AA-(lka)Stable | — | |
| 8. |  ComBankCommercial bank | AA-(lka)Stable | — | |
| 9. |  HNBCommercial bank | AA-(lka)Stable | — | |
| 10. | Mahindra IdealFinance company | AA-(lka)Stable | — | |
| 11. |  SampathCommercial bank | AA-(lka)Stable | — | |
| 12. |  Asia Asset FinanceFinance company | A+(lka)Stable | — | |
| 13. |  LB FinanceFinance company | A-(lka)Stable | A+Stable | |
| 14. |  LOLC FinanceFinance company | — | A+Stable | |
| 15. |  SeylanCommercial bank | A+(lka)Stable | — | |
| 16. |  Assetline FinanceFinance company | — | APositive | |
| 17. |  CargillsCommercial bank | A(lka)Negative | — | |
| 18. |  CBC FinanceFinance company | A(lka)Stable | — | |
| 19. |  Central FinanceFinance company | A(lka)Stable | — | |
| 20. |  DFCCCommercial bank | A(lka)Stable | — | |
| 21. |  HNB FinanceFinance company | A(lka)Stable | — | |
| 22. |  MBSLFinance company | A(lka)Stable | BBB+Stable | |
| 23. |  NTBCommercial bank | A(lka)Stable | — | |
| 24. |  People's LeasingFinance company | A(lka)Stable | — | |
| 25. | Richard Pieris FinanceFinance company | A(lka)Stable | — | |
| 26. |  SiyapathaFinance company | A(lka)Stable | — | |
| 27. |  Abans FinanceFinance company | A-(lka)Stable | — | |
| 28. |  CDBFinance company | BBB(lka)Stable | A-Stable | |
| 29. |  NDBCommercial bank | A-(lka)Negative | — | |
| 30. |  Vallibel FinanceFinance company | — | A-Stable | |
| 31. |  AmanaCommercial bank | BBB-(lka)Stable | BBB+Stable | |
| 32. |  AMW CapitalFinance company | BBB+(lka)Stable | — | |
| 33. |  Commercial CreditFinance company | — | BBB+Stable | |
| 34. |  RDBSpecialised bank | — | BBB+Stable | |
| 35. |  Singer FinanceFinance company | BBB+(lka)Stable | — | |
| 36. |  Alliance FinanceFinance company | — | BBBStable | |
| 37. |  Pan AsiaCommercial bank | BBB(lka)Stable | — | |
| 38. | Senkadagala FinanceFinance company | BBB(lka)Stable | — | |
| 39. |  SMIBSpecialised bank | BB(lka)Watch positive | BBBWatch stable | |
| 40. |  Mercantile InvestmentsFinance company | BBB-(lka)Stable | — | |
| 41. |  Sarvodaya FinanceFinance company | — | BBB-Stable | |
| 42. |  SDBSpecialised bank | BB+(lka)Stable | BBB-Stable | |
| 43. |  Union BankCommercial bank | BBB-(lka)Negative | — | |
| 44. |  HDFCSpecialised bank | BB+(lka)Watch positive | — | |
| 45. | Janashakthi FinanceFinance company | — | BB+Positive | |
| 46. |  AMFFinance company | — | BBWatch developing | |
| 47. |  Fintrex FinanceFinance company | BB(lka)Stable | — | |
| 48. |  LCB FinanceFinance company | — | BBPositive | |
| 49. |  PMF FinanceFinance company | — | BBStable | |
| 50. |  SMB FinanceFinance company | — | BBStable | |
| 51. |  UB FinanceFinance company | BB(lka)Negative | — | |
| 52. |  Softlogic FinanceFinance company | — | BDeveloping |
Not rated in Sri Lanka: Bank of China, Deutsche Bank, HSBC, Indian Bank, IOB, Public Bank, SBI, SLSB. Foreign branches are shown below with their parent bank’s rating.
Parent bank’s international ratingFitch · Moody’s
Neither Sri Lankan agency rates these banks. A branch is legally part of its parent, so the parent’s rating is the best guide. It is on the international scale, so it can’t be compared with the (lka) and LRA grades above.
| Branch | Parent | Rating | Rating history |
|---|---|---|---|
 HSBC | The Hongkong and Shanghai Banking Corporation Limited | ||
 Deutsche Bank | Deutsche Bank AG | ||
 Bank of China | Bank of China Limited | ||
Public Bank | Public Bank Berhad | ||
 IOB | Indian Overseas Bank | ||
 SBI | State Bank of India | ||
 Indian Bank | Indian Bank | No rating found |
Each agency’s scaleOutlooks and watches
| Grade | What it means |
|---|---|
| AAA(lka) | The highest national rating: the lowest default risk of any issuer in Sri Lanka. |
| AA+ / AA / AA- | Very low default risk compared with other Sri Lankan issuers; only slightly weaker than AAA. |
| A+ / A / A- | Low default risk relative to other Sri Lankan issuers, but changing circumstances or economic conditions hurt more than at higher grades. |
| BBB+ / BBB / BBB- | Moderate default risk relative to other Sri Lankan issuers; adverse changes are more likely to affect timely repayment. |
| BB+ / BB / BB- | Elevated default risk relative to other Sri Lankan issuers; repayment is somewhat uncertain and more exposed to adverse changes over time. |
| B+ / B / B- | Significantly elevated default risk; obligations are being met, but with a limited margin of safety. |
| CCC | Very high default risk relative to other Sri Lankan issuers. |
| CC / C | Default of some kind appears probable (CC), or is imminent or under way (C). |
| RD / D | Restricted default (missed some payments but still operating) or default. |
