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Sri Lanka in numbers, context, and plain English.

AAAAAA

Mercantile Investments and Finance PLC

Experimental

Finance company. National credit ratings from Fitch Ratings Lanka and Lanka Rating Agency, and every rating action since 2015.

Mercantile Investments Rating history

National long-term rating15 actions

Fitch Ratings LankaSource
BBB-(lka)Stable

Affirmed AUG 05, 2025

Moderate default risk relative to other Sri Lankan issuers; adverse changes are more likely to affect timely repayment.

Rated since
2015
Current
BBB-
Highest
BBB-
Lowest
BBB-

BBB-

Every rating action

Newest firstArrows show notches moved

  1. AUG 05, 2025AffirmedFitch · StableBBB-(lka)
  2. JAN 24, 2025AffirmedFitch · StableBBB-(lka)
  3. AUG 14, 2024AffirmedFitch · StableBBB-(lka)
  4. OCT 16, 2023AffirmedFitch · StableBBB-(lka)
  5. OCT 20, 2022Watch keptFitch · Watch negativeBBB-(lka)
  6. APR 26, 2022Put on watchFitch · Watch negativeBBB-(lka)
  7. SEP 01, 2021AffirmedFitch · NegativeBBB-(lka)
  8. SEP 11, 2020AffirmedFitch · NegativeBBB-(lka)
  9. JUN 10, 2020AffirmedFitch · NegativeBBB-(lka)
  10. OCT 11, 2019ReviewedFitch · NegativeBBB-(lka)
  11. JUL 01, 2019AffirmedFitch · NegativeBBB-(lka)
  12. JUL 17, 2018AffirmedFitch · StableBBB-(lka)
  13. JUL 21, 2017AffirmedFitch · StableBBB-(lka)
  14. AUG 01, 2016AffirmedFitch · StableBBB-(lka)
  15. NOV 16, 2015New ratingFitch · StableBBB-(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—