Fitch Ratings has assigned a final National Long-Term Rating of A(lka) to Sri Lanka Commercial Bank's proposed debenture issue of 20 billion rupees.
The rating agency confirmed the assignment on Wednesday, reflecting the lender's robust capital adequacy and stable deposit base amid the country's ongoing economic recovery.
The rating action signals continued confidence in the domestic banking sector's resilience.
Sri Lanka Commercial Bank, one of the island nation's largest lenders, has maintained strong liquidity metrics throughout the recent macroeconomic stabilization period.
The A(lka) rating places the instrument in the upper tier of local currency debt, offering investors a benchmark for credit quality in the emerging market.
This development follows the World Bank's recent reclassification of Sri Lanka as an upper-middle-income economy, a milestone that has bolstered investor sentiment across the island's financial markets.