HNB’s rated at AA+(lka) by Fitch Ratings Lanka Ltd.
Moody’s Investors Service
HNB is the first Sri Lankan bank to be rated internationally and is rated on par with the sovereign.
Click to Download Moody's Ratings - 05 November 2019?
Fitch views the upside potential of HNB's ratings as limited given its higher risk appetite, which has led to weaker through-the-cycle asset quality compared with peers'. A material increase in risk taking, unless sufficiently mitigated through capital and financial performance, could result in a rating downgrade.
The ratings of senior and subordinated debt are primarily sensitive to changes in HNB's National Long-Term Rating.
Jeewanthi Malagala, CFA
Rukshana Thalgodapitiya, CFA