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S&P rates National Savings Bank B+, B
Standard & Poor's said it assigned its B+ long-term and B short-term counterparty credit ratings to Sri Lanka-based National Savings Bank.
The outlook on the long-term rating is stable.
S&P equalizes the rating on National Savings Bank with the sovereign credit rating on the Democratic Socialist Republic of Sri Lanka (B+/stable/B). The Sri Lankan government fully owns and supports the bank.
The agency said it considers the bank to be a key public policy institution, benefiting from ongoing and potential extraordinary support from the government.
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