DFCC Bank’s National Long-Term Rating affirmed by Fitch Ratings at ‘A+(lka)’

Reflecting DFCC Bank’s unparalleled positioning as one the strongest contenders in the banking and financial services sector of Sri Lanka, Fitch Ratings has affirmed DFCC Bank’s National Long-Term Rating at ‘A+(lka)’.

In addition to this, Fitch Ratings, a leading provider of credit ratings, commentary and research for global capital markets has affirmed the bank’s Sri Lankan rupee senior unsecured debt at ‘A+(lka)’, while the ratings on DFCC’s Basel II- and Basel III-compliant Sri Lankan rupee subordinated debt have been affirmed at ‘A-(lka)’.

These commendable ratings have been driven by DFCC Bank’s intrinsic financial strength which has unwaveringly stood through these unpredictable times of a pandemic era. The acclaimed rating agency notes that such ratings awarded to DFCC Bank highlight its modest franchise among domestic commercial banks and thinning capital buffers relative to industry competition.

Island.lk

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