Fitch affirms National Savings Bank

Fitch Ratings said it affirmed National Savings Bank's national long-term rating at AAA(lka).

The outlook is stable.

The rating reflects the bank's state ownership, systemic importance, the low risk nature of most of its asset base and explicit guarantee from the government of Sri Lanka on its deposits, Fitch said.

Given the government securities it holds, the bank enjoys strong liquidity, but will continue to face significant interest rate risks due to maturity mismatches inherent in its asset and deposit structure, the agency said.

© 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.