Fitch Ratings has maintained the Rating Watch Negative (RWN) on the 'A(lka)' National Long-Term Rating of People's Bank (Sri Lanka) (PB).
The rating agency has maintained Hatton National Bank PLC's (HNB) National Long-Term Rating of 'A(lka)' on Rating Watch Negative (RWN) and maintained HNB's senior and subordinated debt ratings of 'A(lka)' and 'BBB+(lka)', respectively, on RWN.
Meanwhile, Fitch has maintained Commercial Bank of Ceylon PLC's (COMB) National Long-Term Rating of 'A(lka)' on Rating Watch Negative (RWN) and maintained COMB's subordinated debt rating of 'BBB+(lka)' on RWN.
Fitch Ratings has affirmed Bank of Ceylon's (BOC) Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'CC'. The rating does not carry an Outlook because of the potential for high volatility at this rating level, in line with Fitch's rating definitions.
At the same time, Fitch has maintained BOC's Long-Term Local-Currency IDR of 'CCC-' and National Rating of 'A(lka)' on Rating Watch Negative (RWN). The rating agency has also affirmed BOC's Short-Term IDR at 'C', Viability Rating (VR) at 'cc' and Government Support Rating at 'ns'.