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Sri Lanka in numbers, context, and plain English.

AAAAAA

Housing Development Finance Corporation Bank of Sri Lanka

Experimental

Specialised bank. National credit ratings from Fitch Ratings Lanka and Lanka Rating Agency, and every rating action since 2004.

HDFC Rating history

National long-term rating30 actions

Fitch Ratings LankaSource
BB+(lka)Watch positive

Put on watch NOV 21, 2025

Elevated default risk relative to other Sri Lankan issuers; repayment is somewhat uncertain and more exposed to adverse changes over time.

Rated since
2004
Current
BB+
Highest
A
Lowest
BB+

BB+

Every rating action

Newest firstArrows show notches moved

  1. NOV 21, 2025Put on watchFitch · Watch positiveBB+(lka)
  2. AUG 15, 2025AffirmedFitch · NegativeBB+(lka)
  3. JAN 21, 2025AffirmedFitch · StableBB+(lka)
  4. AUG 29, 2024AffirmedFitch · StableBB+(lka)
  5. OCT 05, 2023AffirmedFitch · StableBB+(lka)
  6. SEP 12, 2023Watch keptFitch · Watch negativeBB+(lka)
  7. SEP 22, 2022Watch keptFitch · Watch negativeBB+(lka)
  8. APR 12, 2022Put on watchFitch · Watch negativeBB+(lka)
  9. SEP 29, 2021AffirmedFitch · StableBB+(lka)
  10. OCT 06, 2020AffirmedFitch · StableBB+(lka)
  11. JUN 10, 2020AffirmedFitch · StableBB+(lka)
  12. OCT 18, 2019ReviewedFitch · StableBB+(lka)
  13. MAY 23, 2019AffirmedFitch · StableBB+(lka)
  14. JAN 23, 2019DowngradedFitch · Stable1BB+(lka)
  15. JUL 24, 2018Watch keptFitch · Watch negativeBBB-(lka)
  16. JAN 29, 2018DowngradedFitch · Watch negative1BBB-(lka)
  17. AUG 10, 2017Put on watchFitch · Watch negativeBBB(lka)
  18. AUG 12, 2016AffirmedFitch · StableBBB(lka)
  19. AUG 24, 2015New ratingFitch · StableBBB(lka)
  20. JUN 27, 2014AffirmedFitch · StableBBB(lka)
  21. MAR 04, 2014AffirmedFitch · StableBBB(lka)
  22. NOV 29, 2012DowngradedFitch · Stable1BBB(lka)
  23. DEC 28, 2011AffirmedFitch · StableBBB+(lka)
  24. DEC 29, 2010AffirmedFitch · StableBBB+(lka)
  25. DEC 21, 2009Outlook changedFitch · StableBBB+(lka)
  26. OCT 03, 2008DowngradedFitch · Negative1BBB+(lka)
  27. DEC 31, 2007DowngradedFitch · Negative1A-(lka)
  28. DEC 26, 2006AffirmedFitch · StableA(lka)
  29. AUG 30, 2005AffirmedFitch · StableA(lka)
  30. JUL 23, 2004New ratingFitch · StableA(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

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—