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© 2019–2026 Numbers.lk

Sri Lanka in numbers, context, and plain English.

AAAAAA

Bank credit ratings

Experimental

Who is still good for the money.

Ratings by institution

52 ratedNational long-term ratingBest first

#Rating history
1.
NSBSpecialised bank
—
AAAStable
Affirmed · LRADEC 31, 2025
2.
Standard CharteredCommercial bank
AAA(lka)Stable
—
Affirmed · FitchFEB 20, 2026
3.
Dialog FinanceFinance company
AA(lka)Stable
—
Affirmed · FitchJAN 24, 2025
4.
Habib BankCommercial bank
AA(lka)Stable
—
Upgraded · FitchAPR 17, 2025
5.
MCBCommercial bank
AA(lka)Stable
—
Upgraded · FitchAPR 17, 2025
6.
People'sCommercial bank
AA-(lka)Stable
AAStable
Affirmed · FitchJUL 31, 2026
7.
BOCCommercial bank
AA-(lka)Stable
—
Affirmed · FitchJUL 31, 2026
8.
ComBankCommercial bank
AA-(lka)Stable
—
Affirmed · FitchAUG 17, 2026
9.
HNBCommercial bank
AA-(lka)Stable
—
Affirmed · FitchAUG 17, 2026
10.
MIMahindra IdealFinance company
AA-(lka)Stable
—
Affirmed · FitchFEB 28, 2025
11.
SampathCommercial bank
AA-(lka)Stable
—
Affirmed · FitchAUG 17, 2026
12.
Asia Asset FinanceFinance company
A+(lka)Stable
—
Affirmed · FitchFEB 28, 2025
13.
LB FinanceFinance company
A-(lka)Stable
A+Stable
New rating · LRAJAN 28, 2026
14.
LOLC FinanceFinance company
—
A+Stable
Affirmed · LRASEP 01, 2026
15.
SeylanCommercial bank
A+(lka)Stable
—
Reviewed · FitchSEP 08, 2025
16.
Assetline FinanceFinance company
—
APositive
Affirmed · LRASEP 10, 2026
17.
CargillsCommercial bank
A(lka)Negative
—
Reviewed · FitchSEP 08, 2025
18.
CBC FinanceFinance company
A(lka)Stable
—
Upgraded · FitchJAN 24, 2025
19.
Central FinanceFinance company
A(lka)Stable
—
Reviewed · FitchAUG 28, 2025
20.
DFCCCommercial bank
A(lka)Stable
—
Reviewed · FitchSEP 08, 2025
21.
HNB FinanceFinance company
A(lka)Stable
—
Upgraded · FitchJAN 24, 2025
22.
MBSLFinance company
A(lka)Stable
BBB+Stable
Upgraded · FitchJAN 24, 2025
23.
NTBCommercial bank
A(lka)Stable
—
Reviewed · FitchSEP 08, 2025
24.
People's LeasingFinance company
A(lka)Stable
—
Upgraded · FitchJAN 24, 2025
25.
RPFRichard Pieris FinanceFinance company
A(lka)Stable
—
Affirmed · FitchJAN 24, 2025
26.
SiyapathaFinance company
A(lka)Stable
—
Upgraded · FitchJAN 24, 2025
27.
Abans FinanceFinance company
A-(lka)Stable
—
Upgraded · FitchJAN 24, 2025
28.
CDBFinance company
BBB(lka)Stable
A-Stable
New rating · LRAAUG 07, 2026
29.
NDBCommercial bank
A-(lka)Negative
—
Downgraded · FitchAPR 10, 2026
30.
Vallibel FinanceFinance company
—
A-Stable
Affirmed · LRASEP 02, 2026
31.
AmanaCommercial bank
BBB-(lka)Stable
BBB+Stable
Affirmed · LRAJUN 03, 2026
32.
AMW CapitalFinance company
BBB+(lka)Stable
—
Upgraded · FitchAUG 10, 2026
33.
Commercial CreditFinance company
—
BBB+Stable
Upgraded · LRAMAY 22, 2026
34.
RDBSpecialised bank
—
BBB+Stable
Affirmed · LRAMAY 02, 2025
35.
Singer FinanceFinance company
BBB+(lka)Stable
—
Upgraded · FitchJAN 24, 2025
36.
Alliance FinanceFinance company
—
BBBStable
Affirmed · LRAAUG 05, 2026
37.
Pan AsiaCommercial bank
BBB(lka)Stable
—
Reviewed · FitchSEP 08, 2025
38.
SFSenkadagala FinanceFinance company
BBB(lka)Stable
—
Affirmed · FitchAUG 05, 2025
39.
SMIBSpecialised bank
BB(lka)Watch positive
BBBWatch stable
Put on watch · FitchNOV 21, 2025
40.
Mercantile InvestmentsFinance company
BBB-(lka)Stable
—
Affirmed · FitchAUG 05, 2025
41.
Sarvodaya FinanceFinance company
—
BBB-Stable
Affirmed · LRAJUL 08, 2026
42.
SDBSpecialised bank
BB+(lka)Stable
BBB-Stable
New rating · LRAAPR 28, 2026
43.
Union BankCommercial bank
BBB-(lka)Negative
—
Reviewed · FitchSEP 08, 2025
44.
HDFCSpecialised bank
BB+(lka)Watch positive
—
Put on watch · FitchNOV 21, 2025
45.
JFJanashakthi FinanceFinance company
—
BB+Positive
Affirmed · LRANOV 07, 2025
46.
AMFFinance company
—
BBWatch developing
Affirmed · LRAJAN 14, 2026
47.
Fintrex FinanceFinance company
BB(lka)Stable
—
Affirmed · FitchAUG 05, 2025
48.
LCB FinanceFinance company
—
BBPositive
Upgraded · LRAAPR 28, 2026
49.
PMF FinanceFinance company
—
BBStable
Upgraded · LRAAUG 14, 2026
50.
SMB FinanceFinance company
—
BBStable
Affirmed · LRAJUL 01, 2025
51.
UB FinanceFinance company
BB(lka)Negative
—
Affirmed · FitchJAN 24, 2025
52.
Softlogic FinanceFinance company
—
BDeveloping
New rating · LRANOV 21, 2025

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.

Foreign bank branches

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.

BranchParentRatingLatest actionRating history
HSBC
The Hongkong and Shanghai Banking Corporation Limited
AAFitch · Stable
AffirmedAUG 11, 2026
Deutsche Bank
Deutsche Bank AG
A+Fitch · Positive
UpgradedMAY 12, 2026
Bank of China
Bank of China Limited
AFitch · Stable
ReviewedJAN 23, 2026
PBPublic Bank
Public Bank Berhad
A3Moody’s · Stable
AffirmedAUG 03, 2026
IOB
Indian Overseas Bank
BBB-Fitch · Stable
New ratingFEB 26, 2026
SBI
State Bank of India
BBB-Fitch · Stable
AffirmedMAR 02, 2026
Indian Bank
Indian BankNo rating found
National ratings are not global ratings
A national rating ranks an issuer against other Sri Lankan credits, with the strongest in the country at AAA. That is why Bank of Ceylon can hold AA-(lka) at home while Fitch rates it CCC+ on the international scale, capped by the sovereign rating. Compare institutions with each other, not with the country. Where both agencies rate an institution the grades can differ; neither is the “official” one. Deposits at licensed banks and finance companies are insured up to Rs 1.1 million per depositor, whatever the rating.

Where they sit

Best rating per institution

AAA2
AA9
A19
BBB13
BB8
B1

Latest actions

Both agencies

The agencies

Fitch Ratings Lanka

The Sri Lankan arm of Fitch Ratings. Its national ratings carry an ‘(lka)’ suffix and rank issuers against the best credit in Sri Lanka, not against the world.

Lanka Rating Agency

Colombo-based agency, formerly ICRA Lanka, licensed by the SEC. Its entity ratings use the same AAA-to-D letters on a Sri Lankan national scale.

These are the only two agencies licensed by the Securities and Exchange Commission to rate in Sri Lanka; the SEC invited applications for new agencies in July 2026. Foreign parent banks are rated abroad by Fitch, Moody’s and S&P.

Ratings are checked daily. Each agency reviews its ratings about once a year, so the date shows when the rating was last confirmed.