Fitch Rating Archives

June 24, 2021

Fitch Ratings-Colombo-23 June 2021: The end of the suspension on Sri Lankan banks’ investments in international sovereign bonds (ISBs) issued by the Sri Lanka sovereign (CCC) has the potential to increase banks’ exposure to sovereign and foreign-currency funding and liquidity risks, says Fitch Ratings. Banks’ credit profiles are already significantly exposed to the sovereign, […]

October 26, 2020

In their latest rating review carried out in October 2020, Fitch Ratings Sri Lanka has affirmed Amãna Bank’s National Long Term Rating at BB+, a rating upgrade the agency bestowed the Bank earlier in June 2020. The rating outlook remains Stable. Fitch also outlined the factors that could lead to positive rating action or upgrade, […]

June 13, 2020

Based on the latest rating review carried out in June 2020, Fitch Ratings Sri Lanka has revised the National Long Term Rating of Amãna Bank to BB+(lka) from BB(lka) with a Stable Outlook. Fitch Ratings has taken the rating review following the recalibration of its Sri Lankan National Rating scale to reflect changes in the […]

April 25, 2020

Describing the coronavirus-induced recession as “unparalleled”, Fitch Ratings has massively slashed its global growth forecast, saying the world economy is set to contract by a hefty 3.9 per cent in 2020. The sharp downward revision is driven by a massive decline in Asian economies, led by China and India which are slated to post sub-1 […]

Risks for Sri Lankan Banks May Rise on End of Restriction on ISB Investments

Amana Bank Fitch Rating of BB+ stands resilient and affirmed.

Amãna Bank Fitch Rating moves upward to BB+ (lka)

Fitch sees global economy shrinking 3.9 pc in 2020