Nations Trust Bank has secured a SL A- national rating from Fitch Ratings Lanka for its long-term unsecured senior debt.
SL A- long-term rating denotes a low expectation of credit risk. The capacity for timely payment of financial commitments is considered strong. rn
rnThis capacity may, nevertheless, be more vulnerable to changes in circumstances or in economic conditions than is the case for higher ratings, Fitch said on Wednesday. rn
rnNTBs rating reflects its relatively better operating procedures, reasonably sound risk management systems, and the strength of its promoters.rn
rnldblquote The organisation framework in place to manage risk is fairly sound, comprising of good information systems, reasonable tools and methodologies, effective monitoring mechanisms, and also a well experienced and effective management team,
dblquote says Fitch.rn
rnThe rating also reflects NTBs small size within the banking industry, Fitch said. rn
rnA growing, but yet small deposit base has necessitated a hi