Fitch withdraws NDB note rating

Fitch Ratings said it withdrew the final BBB(lka) national long-term rating, which is on rating watch negative, on National Development Bank plc's planned Sri Lankan rupee-denominated Basel III-compliant subordinated debentures of up to LKR 6 billion. The rating was assigned on June 22, 2023.

“Fitch is withdrawing the rating as the applicable issuance has been canceled,” the agency said in a press release.

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