Low default risk relative to other Sri Lankan issuers, but changing circumstances or economic conditions hurt more than at higher grades.
Rated since
2017
Current
A-
Highest
A
Lowest
BB+
A-
Every rating action
Newest firstArrows show notches moved
JAN 24, 2025UpgradedFitch · Stable1A-(lka)
MAR 07, 2024AffirmedFitch · NegativeBBB+(lka)
DEC 13, 2023AffirmedFitch · NegativeBBB+(lka)
OCT 13, 2023AffirmedFitch · NegativeBBB+(lka)
MAR 08, 2023DowngradedFitch · Watch negative1BBB+(lka)
NOV 21, 2022Watch keptFitch · Watch negativeA-(lka)
MAY 26, 2022Put on watchFitch · Watch negativeA-(lka)
MAR 14, 2022ReviewedFitch · EvolvingA-(lka)
FEB 10, 2022DowngradedFitch · Evolving1A-(lka)
AUG 16, 2021AffirmedFitch · EvolvingA(lka)
JUN 07, 2021Watch keptFitch · Watch evolvingA(lka)
JAN 25, 2021Rating revisedFitch · Watch evolving5A(lka)
OCT 07, 2020Put on watchFitch · Watch evolvingBB+(lka)
JUL 02, 2020AffirmedFitch · NegativeBB+(lka)
JUN 10, 2020AffirmedFitch · NegativeBB+(lka)
APR 20, 2020AffirmedFitch · NegativeBB+(lka)
JUL 12, 2019AffirmedFitch · StableBB+(lka)
AUG 13, 2018AffirmedFitch · StableBB+(lka)
OCT 26, 2017PublishedFitch · StableBB+(lka)
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
