Moderate default risk relative to other Sri Lankan issuers; adverse changes are more likely to affect timely repayment.
Rated since
2013
Current
BBB+
Highest
AA-
Lowest
BB-
BBB+
Every rating action
Newest firstArrows show notches moved
AUG 10, 2026UpgradedFitch · Stable1BBB+(lka)
JAN 24, 2025AffirmedFitch · NegativeBBB(lka)
MAR 07, 2024AffirmedFitch · NegativeBBB(lka)
OCT 13, 2023AffirmedFitch · NegativeBBB(lka)
MAR 08, 2023DowngradedFitch · Watch negative1BBB(lka)
NOV 21, 2022Watch keptFitch · Watch negativeBBB+(lka)
MAY 26, 2022Put on watchFitch · Watch negativeBBB+(lka)
MAR 14, 2022ReviewedFitch · NegativeBBB+(lka)
FEB 10, 2022DowngradedFitch · Negative2BBB+(lka)
AUG 09, 2021DowngradedFitch · Negative2A(lka)
MAR 01, 2021AffirmedFitch · NegativeAA-(lka)
JAN 25, 2021Rating revisedFitch · Negative6AA-(lka)
NOV 10, 2020DowngradedFitch · Negative1BBB-(lka)
JUL 02, 2020AffirmedFitch · NegativeBBB(lka)
JUN 10, 2020DowngradedFitch · Negative1BBB(lka)
JUL 12, 2019AffirmedFitch · StableBBB+(lka)
JUL 17, 2018AffirmedFitch · StableBBB+(lka)
JUL 21, 2017AffirmedFitch · StableBBB+(lka)
AUG 01, 2016AffirmedFitch · StableBBB+(lka)
AUG 11, 2015AffirmedFitch · StableBBB+(lka)
MAR 25, 2015UpgradedFitch · Stable5BBB+(lka)
SEP 16, 2014AffirmedFitch · StableBB-(lka)
OCT 04, 2013PublishedFitch · 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
