Tag: Fitch withdraws AA-(EXP) rating on Commercial Bank Basel III subordinated debt

Dec 03, 2019 (LBO) – Fitch Ratings is withdrawing the expected National Long-Term Rating of ‘AA-(EXP)(lka)’ assigned to Commercial Bank of Ceylon PLC’s (CB; AA(lka)/Stable) proposed Basel III-compliant subordinated unsecured debentures. The expected rating was assigned on 2 April 2019. Fitch is withdrawing CB’s expected rating as its forthcoming debt issuance is no longer expected […]