Fitch rates Sanasa Development Bank BB-(lka)

Fitch Ratings said it assigned a BB-(lka) national long-term rating to Sanasa Development Bank Ltd.

The outlook is stable.

The rating reflects the bank's relatively good profitability and asset quality, Fitch said.

The ratings are constrained by its low capitalization, challenges in meeting the minimum capital requirement set by the Central Bank of Sri Lanka and inherent risk embedded in the micro-finance segment, the agency added.

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