People's Bank

Experimental

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

People's Rating history

National long-term rating32 actions

Lanka Rating AgencySource

AAStable

New rating SEP 06, 2024

Very high credit quality: very strong capacity to pay, not significantly vulnerable to foreseeable events.

Fitch Ratings LankaSource

AA-(lka)Stable

Affirmed JUL 31, 2026

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

Rated since: 2004
Current: AA-
Highest: AA+
Lowest: BBB+

Fitch Ratings LankaLanka Rating Agency

Every rating action

Newest firstArrows show notches moved

JUL 31, 2026AffirmedFitch · StableAA-(lka)
SEP 08, 2025ReviewedFitch · StableAA-(lka)
JAN 21, 2025UpgradedFitch · Stable2AA-(lka)
SEP 06, 2024New ratingLRA · StableAA
JUN 06, 2024AffirmedFitch · StableA(lka)
OCT 05, 2023AffirmedFitch · StableA(lka)
JUN 13, 2023Watch keptFitch · Watch negativeA(lka)
JAN 12, 2023DowngradedFitch · Watch negative2A(lka)
JUL 11, 2022Watch keptFitch · Watch negativeAA-(lka)
APR 12, 2022Put on watchFitch · Watch negativeAA-(lka)
JUL 16, 2021AffirmedFitch · StableAA-(lka)
JAN 25, 2021DowngradedFitch · Stable2AA-(lka)
JUL 27, 2020AffirmedFitch · NegativeAA+(lka)
JUN 10, 2020AffirmedFitch · NegativeAA+(lka)
JAN 22, 2020AffirmedFitch · NegativeAA+(lka)
SEP 02, 2019AffirmedFitch · StableAA+(lka)
SEP 28, 2018AffirmedFitch · StableAA+(lka)
DEC 21, 2017AffirmedFitch · StableAA+(lka)
JAN 11, 2017AffirmedFitch · StableAA+(lka)
JUN 22, 2016AffirmedFitch · StableAA+(lka)
JUL 08, 2015AffirmedFitch · StableAA+(lka)
JUL 17, 2014AffirmedFitch · StableAA+(lka)
JUN 27, 2013AffirmedFitch · StableAA+(lka)
JUL 05, 2012UpgradedFitch · Stable1AA+(lka)
NOV 08, 2011UpgradedFitch · Stable1AA(lka)
JUL 08, 2011AffirmedFitch · PositiveAA-(lka)
OCT 29, 2010UpgradedFitch · Positive2AA-(lka)
JUN 26, 2009UpgradedFitch · Stable1A(lka)
OCT 06, 2008AffirmedFitch · PositiveA-(lka)
OCT 04, 2007AffirmedFitch · PositiveA-(lka)
MAR 22, 2006UpgradedFitch · Positive1A-(lka)
AUG 05, 2004New 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