Fitch rates DFCC Bank debt AA-(lka)

Fitch Ratings Lanka said it assigned a national rating of AA-(lka) to the unsecured subordinated redeemable debt to be issued by Sri Lanka-based DFCC Bank and affirmed the bank's national long-term rating at AA(lka).

The outlook is stable.

Fitch said DFCC's rating reflects its long and sound operating history, conservative operating policies, good asset quality, strong capital base and effective management.

It also takes into consideration DFCC's greater exposure to riskier long-term project lending and less diversified funding base.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.