Fitch trims National Savings Bank

Fitch Ratings said it revised the national long-term rating of National Savings Bank to AA+(lka) from AAA(lka).

The outlook is stable.

This follows the recalibration of the Sri Lankan national rating scale after the sovereign's long-term foreign-currency issuer default rating was downgraded to B from B+ with a stable outlook on Dec. 3, the agency said.

The action is not related to National Savings Bank's credit quality but reflects Fitch's changes to the Sri Lankan national rating scale, the agency explained.

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