Fitch rates Nations Trust Bank debt A-(lka)

Fitch Ratings said it assigned Nations Trust Bank plc's (A(lka)/stable) proposed Basel 3-compliant subordinated unsecured debentures an expected national long-term rating of A-(lka).

The proposed debentures will total up to LKR 3.5 billion with maturities of five years.

Fitch said it rates the proposed tier 2 instrument one notch below the bank’s national long-term rating to reflect the notes' subordinated status and higher loss-severity risks relative to senior unsecured instruments.

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