Fitch Ratings Archives

August 20, 2024

Chairman-and-Chief-Executive-of-Hayleys-PLC-Mohan-Pandithage.jpg

Hayleys PLC retained its national long-term rating of ‘AAA(lka)’ by Fitch Ratings, attesting to the Group’s strong financial stability and resilient earnings profile. The outlook on the rating is stable. The rating is upheld by the Group’s extensive operating scale, diversification across business verticals and geographies and globally leading market positions in several key businesses, […]

March 14, 2024

Fitch Ratings Lanka recently upgraded Asia Asset Finance PLC’s (AAF) credit rating to A+ (Stable) from A- (Stable). This reaffirms AAF’s position as one of Sri Lanka’s premier licensed finance companies. This upgraded rating underscores the company’s strength, stability and trust, and serves as a testament to its ability to manoeuvre in a dynamic business […]

July 12, 2023

CEAT Kelani Holdings (CKH) has been assigned a National Long-Term rating of ‘AA+(lka)/Stable’ by Fitch Ratings for a third consecutive year, a rating the Agency says reflects the Company’s position as a leading domestic manufacturer of vehicle tyres and its strong financial profile. In its announcement, Fitch Ratings said: “The affirmation and […]

June 9, 2023

UB Finance Co. Ltd., a premier licensed finance company in Sri Lanka, has been assigned a First-time National Long-Term Rating of ‘BB (lka)’ RWN by Fitch Ratings Lanka Ltd. UB Finance has been a significant player in the financial services space since its acquisition in 2011 by Union Bank of Colombo PLC, […]

June 6, 2023

UB Finance Co. Ltd., a premier licensed finance company in Sri Lanka, has been assigned a First-time National Long-Term Rating of ‘BB (lka)’ RWN by Fitch Ratings Lanka Ltd. UB Finance has been a significant player in the financial services space since its acquisition in 2011 by Union Bank of Colombo PLC, […]

January 6, 2022

Seylan Bank PLC, the Bank with a Heart, has affirmed its position in the Banking and Financial industry of Sri Lanka, as the Number One in Customer Service Excellence for the third consecutive year. Seylan Bank, since its inception, always believed that customers are at the pinnacle of their business model and […]

December 20, 2021

Fitch Ratings (Fitch), in a rather hasty move, downgraded Sri Lanka’s international sovereign rating on 17 December 2021, demonstrating its failure to recognise the positive developments taking place in Sri Lanka, in an environment in which the entire world is grappling with multiple waves of the COVID-19 pandemic. This action resembles the […]

December 18, 2021

Fitch Ratings – Hong Kong – 17 Dec 2021: Fitch Ratings has downgraded Sri Lanka’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘CC’, from ‘CCC’. Fitch typically does not assign Outlooks or apply modifiers for sovereigns with a rating of ‘CCC’ or below. A full list of rating actions is at the […]

July 6, 2021

CEAT Kelani Holdings has been assigned a National Long-Term rating of ‘AA+ (lka)/Stable’ by Fitch Ratings, reflecting the Company’s market position as the largest manufacturer and distributor of pneumatic vehicle tyres in Sri Lanka. Notifying the Company of the rating, Fitch said CEAT Kelani Holdings has a strong financial profile with low […]

Hayleys PLC retains credit rating of AAA(lka) by Fitch Ratings showcasing financial strength and resilience

Fitch Bumps Up Asia Asset Finance PLC to A+ (Stable)

CEAT Kelani Holdings reaffirmed AA+ by Fitch for 3rd consecutive year

Fitch Assigns UB Finance Co Ltd, the First Time National long-term rating of BB(LKA).

Fitch Assigns UB Finance Co Ltd, the First Time National long-term rating of BB(LKA).

Seylan Bank Reaffirms its position as No.1 in Customer Service Excellence

The Government Strongly Disputes the Hurried Rating Action by Fitch Ratings

Fitch Downgrades Sri Lanka’s Long-Term Foreign-Currency IDR to ‘CC’

CEAT Kelani Holdings rated ‘AA+ (lka)/Stable’ by Fitch Ratings