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Sri Lanka in numbers, context, and plain English.

AAAAAA

Sanasa Development Bank PLC

Experimental

Specialised bank. National credit ratings from Fitch Ratings Lanka and Lanka Rating Agency, and every rating action since 2007.

SDB Rating history

National long-term rating26 actions

Lanka Rating AgencySource
BBB-Stable

New rating APR 28, 2026

Good credit quality: adequate capacity to pay, but adverse changes are more likely to weaken it.

Fitch Ratings LankaSource
BB+(lka)Stable

Reviewed SEP 08, 2025

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

Rated since
2007
Current
BBB-
Highest
BBB-
Lowest
BB-

BB+–BBB-

Fitch Ratings LankaLanka Rating Agency

Every rating action

Newest firstArrows show notches moved

  1. APR 28, 2026New ratingLRA · StableBBB-
  2. SEP 08, 2025ReviewedFitch · StableBB+(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. JUN 26, 2018AffirmedFitch · StableBB+(lka)
  15. OCT 03, 2017AffirmedFitch · StableBB+(lka)
  16. OCT 17, 2016AffirmedFitch · StableBB+(lka)
  17. OCT 22, 2015AffirmedFitch · StableBB+(lka)
  18. MAY 21, 2015AffirmedFitch · StableBB+(lka)
  19. JUN 24, 2014AffirmedFitch · StableBB+(lka)
  20. OCT 31, 2013AffirmedFitch · StableBB+(lka)
  21. OCT 22, 2012AffirmedFitch · PositiveBB+(lka)
  22. OCT 27, 2011AffirmedFitch · StableBB+(lka)
  23. OCT 29, 2010UpgradedFitch · Stable1BB+(lka)
  24. JUL 13, 2009AffirmedFitch · StableBB(lka)
  25. APR 23, 2008UpgradedFitch · Stable1BB(lka)
  26. NOV 27, 2007New ratingFitch · StableBB-(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—