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.