• Numbers.lkBetaSri Lanka in Numbers
Desk
  • Home
Reporting
  • Write-ups
  • Takeaways
Trackers
  • Exchange Rates
  • Inflation
  • Credit Ratings
  • Bank Ratings
Maps
  • Internet Speeds
Tools
  • Income Tax Calculator
  • Loan Installment
  • Electricity Bill Calculator
  • Water Bill Calculator
  • Internet Speed Test
Numbers.lkSri Lanka in Numbers

Reporting

  • News
  • Analysis
  • Explainers
  • Write-ups
  • Takeaways

Trackers

  • Exchange Rates
  • Inflation
  • Credit Ratings
  • Bank Ratings
  • Internet Speeds

Tools

  • All Tools
  • Income Tax
  • Loan Installment
  • Electricity
  • Water
  • Speed Test

Company

  • About
  • Privacy
  • Terms

© 2019–2026 Numbers.lk

Sri Lanka in numbers, context, and plain English.

AAAAAA
MI

Mahindra Ideal Finance PLC

Experimental

Finance company. National credit ratings from Fitch Ratings Lanka and Lanka Rating Agency, and every rating action since 2018.

Mahindra Ideal Rating history

National long-term rating12 actions

Fitch Ratings LankaSource
AA-(lka)Stable

Affirmed FEB 28, 2025

Very low default risk compared with other Sri Lankan issuers; only slightly weaker than AAA.

Rated since
2018
Current
AA-
Highest
AA-
Lowest
B+

AA-

Every rating action

Newest firstArrows show notches moved

  1. FEB 28, 2025AffirmedFitch · StableAA-(lka)
  2. MAR 07, 2024AffirmedFitch · StableAA-(lka)
  3. OCT 13, 2023AffirmedFitch · StableAA-(lka)
  4. MAR 08, 2023Put on watchFitch · Watch negativeAA-(lka)
  5. MAR 15, 2022AffirmedFitch · StableAA-(lka)
  6. JUL 26, 2021UpgradedFitch · Stable9AA-(lka)
  7. JUN 07, 2021Watch keptFitch · Watch positiveBB-(lka)
  8. JUL 02, 2020Watch keptFitch · Watch positiveBB-(lka)
  9. JUN 10, 2020UpgradedFitch · Watch positive1BB-(lka)
  10. OCT 03, 2019Put on watchFitch · Watch positiveB+(lka)
  11. AUG 06, 2019AffirmedFitch · StableB+(lka)
  12. AUG 13, 2018PublishedFitch · StableB+(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—