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Sri Lanka in numbers, context, and plain English.

AAAAAA

Union Bank of Colombo PLC

Experimental

Commercial bank. National credit ratings from Fitch Ratings Lanka and Lanka Rating Agency, and every rating action since 2006.

Union Bank Rating history

National long-term rating25 actions

Fitch Ratings LankaSource
BBB-(lka)Negative

Reviewed SEP 08, 2025

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

Rated since
2006
Current
BBB-
Highest
BBB-
Lowest
BB

BBB-

Every rating action

Newest firstArrows show notches moved

  1. SEP 08, 2025ReviewedFitch · NegativeBBB-(lka)
  2. JAN 21, 2025AffirmedFitch · NegativeBBB-(lka)
  3. AUG 29, 2024AffirmedFitch · NegativeBBB-(lka)
  4. OCT 05, 2023AffirmedFitch · StableBBB-(lka)
  5. SEP 12, 2023Watch keptFitch · Watch negativeBBB-(lka)
  6. SEP 22, 2022Watch keptFitch · Watch negativeBBB-(lka)
  7. APR 12, 2022Put on watchFitch · Watch negativeBBB-(lka)
  8. SEP 29, 2021AffirmedFitch · StableBBB-(lka)
  9. OCT 06, 2020AffirmedFitch · StableBBB-(lka)
  10. JUN 10, 2020AffirmedFitch · StableBBB-(lka)
  11. OCT 18, 2019ReviewedFitch · StableBBB-(lka)
  12. MAY 23, 2019UpgradedFitch · Stable1BBB-(lka)
  13. JUN 26, 2018AffirmedFitch · PositiveBB+(lka)
  14. OCT 03, 2017AffirmedFitch · PositiveBB+(lka)
  15. OCT 17, 2016AffirmedFitch · PositiveBB+(lka)
  16. OCT 22, 2015AffirmedFitch · StableBB+(lka)
  17. NOV 21, 2014UpgradedFitch · Stable1BB+(lka)
  18. DEC 18, 2013DowngradedFitch · Stable1BB(lka)
  19. NOV 29, 2012AffirmedFitch · NegativeBB+(lka)
  20. DEC 15, 2011AffirmedFitch · NegativeBB+(lka)
  21. DEC 15, 2010AffirmedFitch · StableBB+(lka)
  22. DEC 24, 2009AffirmedFitch · PositiveBB+(lka)
  23. JUL 04, 2008AffirmedFitch · PositiveBB+(lka)
  24. DEC 07, 2007Outlook changedFitch · PositiveBB+(lka)
  25. FEB 01, 2006New 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—