"The ratings reflect SB's strong asset quality supported by structural improvements initiated in 2009, its high loan loss reserves in a local context, and its growing franchise in terms of its market share of banking sector assets, loans and deposits."
The full statement is reproduced below:
Fitch Revises Sampath Bank's Outlook to Stable; Affirms 'AA-(lka)'
Fitch Ratings-Colombo/Mumbai/Singapore-23 August 2012: Fitch Ratings Lanka has revised Sampath Bank PLC's (SB) Outlook to Stable from Positive. Its National Long-Term rating has been affirmed at 'AA-(lka)'. Fitch has also affirmed SB's subordinated debentures at 'A+(lka)'.
The Outlook revision reflects the weaker-than-expected build-up