Economy & businessUpdated
Commercial Bank tops Fitch’s local ratings for Sri Lankan private banks
From Daily Mirror ·
Headline from Daily Mirror
1 outlet · 1 report · latest EN 1English 1 · all privateOwners: all private.
Photo: Daily MirrorAI summary · 1 min read
1 min readFrom 1 outlets- Daily Mirror reports the rating moved up one level.
- Daily Mirror gives the new rating as AA(lka), compared with AA-(lka) previously.
- Daily Mirror says the bank now has the highest Fitch rating among Sri Lankan private banks.
Daily Mirror reports that Fitch Ratings raised the national long-term assessment for Commercial Bank of Ceylon PLC by one level, from AA-(lka) to AA(lka). The revised rating took effect on October 30.
Daily Mirror attributes the change to Fitch’s adjustment of its Sri Lankan rating scale after Sri Lanka’s sovereign rating was upgraded in September. The outlet says Commercial Bank’s resulting rating is the highest among private banks in the country.
Based on: Daily MirrorWritten by AI from Daily Mirrorthese outlets’ reports. Not reviewed by an editor. It can be wrong — the original reports are the authority. .
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Earlier coverage
Reports on the same subject from the months before this story.
- Ada Derana · Fitch Ratings recalibrates Sri Lanka’s national rating scale following sovereign upgrade
- Lanka Business Online · Fitch Takes Action on 8 Sri Lankan Banks’ National Ratings on Updated Scale After Sovereign Upgrade
- Daily Mirror · Fitch upgrades BOC’s national rating by two notches to ‘AA+(lka)’
- Lanka Business Online · Fitch Revises Sri Lanka Telecom to ‘AA+(lka)’ Following National Rating Scale Recalibration
- Daily Mirror · Fitch revises SLT to ‘AA+(lka)’ on national scale recalibration
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