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© 2019–2026 Numbers.lk

Sri Lanka in numbers, context, and plain English.

AAAAAA

National Development Bank PLC

Experimental

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

NDB Rating history

National long-term rating33 actions

Fitch Ratings LankaSource
A-(lka)Negative

Downgraded APR 10, 2026

Low default risk relative to other Sri Lankan issuers, but changing circumstances or economic conditions hurt more than at higher grades.

Rated since
2004
Current
A-
Highest
AA
Lowest
A-

A-

Every rating action

Newest firstArrows show notches moved

  1. APR 10, 2026DowngradedFitch · Negative1A-(lka)
  2. SEP 08, 2025ReviewedFitch · StableA(lka)
  3. JAN 21, 2025UpgradedFitch · Stable1A(lka)
  4. JUL 22, 2024AffirmedFitch · StableA-(lka)
  5. OCT 05, 2023AffirmedFitch · StableA-(lka)
  6. JUL 25, 2023Watch keptFitch · Watch negativeA-(lka)
  7. JAN 12, 2023DowngradedFitch · Watch negative1A-(lka)
  8. JUL 28, 2022DowngradedFitch · Watch negative1A(lka)
  9. APR 12, 2022Put on watchFitch · Watch negativeA+(lka)
  10. AUG 03, 2021AffirmedFitch · StableA+(lka)
  11. AUG 05, 2020AffirmedFitch · StableA+(lka)
  12. JUN 10, 2020AffirmedFitch · StableA+(lka)
  13. SEP 10, 2019AffirmedFitch · NegativeA+(lka)
  14. FEB 12, 2019AffirmedFitch · NegativeA+(lka)
  15. SEP 28, 2018AffirmedFitch · StableA+(lka)
  16. DEC 21, 2017AffirmedFitch · StableA+(lka)
  17. JAN 11, 2017AffirmedFitch · StableA+(lka)
  18. JUN 22, 2016DowngradedFitch · Stable1A+(lka)
  19. JUL 08, 2015AffirmedFitch · StableAA-(lka)
  20. JUL 17, 2014AffirmedFitch · StableAA-(lka)
  21. JUN 23, 2014AffirmedFitch · StableAA-(lka)
  22. JUL 02, 2013AffirmedFitch · StableAA-(lka)
  23. JUN 24, 2013DowngradedFitch · Stable1AA-(lka)
  24. MAY 24, 2012AffirmedFitch · NegativeAA(lka)
  25. MAY 27, 2011AffirmedFitch · StableAA(lka)
  26. AUG 02, 2010AffirmedFitch · StableAA(lka)
  27. JUN 01, 2009AffirmedFitch · StableAA(lka)
  28. JUN 30, 2008AffirmedFitch · StableAA(lka)
  29. JUL 30, 2007Outlook changedFitch · StableAA(lka)
  30. JAN 26, 2007Outlook changedFitch · PositiveAA(lka)
  31. SEP 29, 2006AffirmedFitch · StableAA(lka)
  32. AUG 03, 2005AffirmedFitch · StableAA(lka)
  33. SEP 27, 2004New ratingFitch · StableAA(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—