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Sri Lanka in numbers, context, and plain English.

AMW Capital Leasing and Finance PLC

Finance company. National credit ratings from Fitch Ratings Lanka and Lanka Rating Agency, and every rating action since 2013.

BBB+(lka)UpgradedFitch, 10 Aug 2026Data: Fitch Ratings Lanka, Lanka Rating AgencyLast action 10 Aug 2026
Fitch Ratings Lanka
BBB+(lka)Stable

Upgraded 10 Aug 2026

Moderate default risk relative to other Sri Lankan issuers; adverse changes are more likely to affect timely repayment.

Fitch entity page

Rating history

National long-term rating23 actions

Rated since
2013
Highest
AA-
Lowest
BB-
Upgrades
2
Downgrades
5
Fitch Ratings Lanka

Every rating action

Newest firstArrows show notches moved

  1. 10 Aug 2026UpgradedFitch · Stable1BBB+(lka)
  2. 24 Jan 2025AffirmedFitch · NegativeBBB(lka)
  3. 7 Mar 2024AffirmedFitch · NegativeBBB(lka)
  4. 13 Oct 2023AffirmedFitch · NegativeBBB(lka)
  5. 8 Mar 2023DowngradedFitch · Watch negative1BBB(lka)
  6. 21 Nov 2022Watch keptFitch · Watch negativeBBB+(lka)
  7. 26 May 2022Put on watchFitch · Watch negativeBBB+(lka)
  8. 14 Mar 2022ReviewedFitch · NegativeBBB+(lka)
  9. 10 Feb 2022DowngradedFitch · Negative2BBB+(lka)
  10. 9 Aug 2021DowngradedFitch · Negative2A(lka)
  11. 1 Mar 2021AffirmedFitch · NegativeAA-(lka)
  12. 25 Jan 2021Revision RatingFitch · Negative6AA-(lka)
  13. 10 Nov 2020DowngradedFitch · Negative1BBB-(lka)
  14. 2 Jul 2020AffirmedFitch · NegativeBBB(lka)
  15. 10 Jun 2020DowngradedFitch · Negative1BBB(lka)
  16. 12 Jul 2019AffirmedFitch · StableBBB+(lka)
  17. 17 Jul 2018AffirmedFitch · StableBBB+(lka)
  18. 21 Jul 2017AffirmedFitch · StableBBB+(lka)
  19. 1 Aug 2016AffirmedFitch · StableBBB+(lka)
  20. 11 Aug 2015AffirmedFitch · StableBBB+(lka)
  21. 25 Mar 2015UpgradedFitch · Stable5BBB+(lka)
  22. 16 Sept 2014AffirmedFitch · StableBB-(lka)
  23. 4 Oct 2013PublishFitch · StableBB-(lka)

What the grades mean

Each agency’s scaleOutlooks and watches

GradeWhat 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.
CCCVery high default risk relative to other Sri Lankan issuers.
CC / CDefault of some kind appears probable (CC), or is imminent or under way (C).
RD / DRestricted default (missed some payments but still operating) or default.
(lka)
Marks Fitch’s Sri Lanka national scale. AA-(lka) is not the same as an international AA-.
Outlook
The direction a rating is likely to move over one to two years: Stable, Positive, Negative or Evolving.
Rating Watch
A higher chance of a near-term change, usually triggered by a specific event and resolved over a short period. Positive, Negative or Evolving.
Reviewed
Fitch looked at the rating (for example after a criteria change) and left it unchanged.
Fitch Ratings Lanka

Fitch history comes from Fitch’s own records and goes back to the first rating. Lanka Rating Agency’s public list starts in January 2024, so older LRA actions aren’t shown. All bank and finance company ratings

All institutions

Best rating first

  1. NSBAAA
  2. Standard CharteredAAA
  3. Dialog FinanceAA
  4. Habib BankAA
  5. MCBAA
  6. People'sAA
  7. BOCAA-
  8. ComBankAA-
  9. HNBAA-
  10. MIMahindra IdealAA-
  11. SampathAA-
  12. Asia Asset FinanceA+
  13. LB FinanceA+
  14. LOLC FinanceA+
  15. SeylanA+
  16. Assetline FinanceA
  17. CargillsA
  18. CBC FinanceA
  19. Central FinanceA
  20. DFCCA
  21. HNB FinanceA
  22. MBSLA
  23. NTBA
  24. People's LeasingA
  25. RPFRichard Pieris FinanceA
  26. SiyapathaA
  27. Abans FinanceA-
  28. CDBA-
  29. NDBA-
  30. Vallibel FinanceA-
  31. AmanaBBB+
  32. AMW CapitalBBB+
  33. Commercial CreditBBB+
  34. RDBBBB+
  35. Singer FinanceBBB+
  36. Alliance FinanceBBB
  37. Pan AsiaBBB
  38. SFSenkadagala FinanceBBB
  39. SMIBBBB
  40. Mercantile InvestmentsBBB-
  41. Sarvodaya FinanceBBB-
  42. SDBBBB-
  43. Union BankBBB-
  44. HDFCBB+
  45. JFJanashakthi FinanceBB+
  46. AMFBB
  47. Fintrex FinanceBB
  48. LCB FinanceBB
  49. PMF FinanceBB
  50. SMB FinanceBB
  51. UB FinanceBB
  52. Softlogic FinanceB
  53. Bank of China—
  54. Deutsche Bank—
  55. HSBC—
  56. Indian Bank—
  57. IOB—
  58. PBPublic Bank—
  59. SBI—
  60. SLSSLSB—