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Sri Lanka in numbers, context, and plain English.

AAAAAA

State Mortgage & Investment Bank

Experimental

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

SMIB Rating history

National long-term rating9 actions

Lanka Rating AgencySource
BBBWatch stable

Affirmed JUN 20, 2025

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

Fitch Ratings LankaSource
BB(lka)Watch positive

Put on watch NOV 21, 2025

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

Rated since
2004
Current
BB
Highest
A+
Lowest
BB

BB–BBB

Fitch Ratings LankaLanka Rating Agency

Every rating action

Newest firstArrows show notches moved

  1. NOV 21, 2025Put on watchFitch · Watch positiveBB(lka)
  2. SEP 08, 2025ReviewedFitch · StableBB(lka)
  3. JUN 20, 2025AffirmedLRA · Watch stableBBB
  4. MAR 28, 2025New ratingFitch · Stable4BB(lka)
  5. FEB 12, 2009DowngradedFitch · Negative1BBB+(lka)
  6. DEC 31, 2007DowngradedFitch · Negative1A-(lka)
  7. JAN 29, 2007AffirmedFitch · StableA(lka)
  8. JAN 12, 2006DowngradedFitch · Stable1A(lka)
  9. JAN 30, 2004New ratingFitch · StableA+(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—