Commercial bank. National credit ratings from Fitch Ratings Lanka and Lanka Rating Agency, and every rating action since 2003.
Reviewed 8 Sept 2025
Low default risk relative to other Sri Lankan issuers, but changing circumstances or economic conditions hurt more than at higher grades.
Fitch entity pageNational long-term rating32 actions
Newest firstArrows show notches moved
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. |
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
