Fitch affirms Siyapatha Finance at ‘A- (lka)’; Outlook stable | Daily News


 

Fitch affirms Siyapatha Finance at ‘A- (lka)’; Outlook stable

Fitch Ratings has affirmed Siyapatha Finance PLC’s National Long-Term Rating of ‘A-(lka)’. The Outlook is sable. The agency has also affirmed the National Long-Term Rating on Siyapatha’s senior unsecured debentures at ‘A-(lka)’ and subordinated debentures at ‘BBB+(lka)’.

Siyapatha’s rating reflects Fitch’s expectation that the 100% parent - Sampath Bank PLC (A+(lka)/Stable) - would provide extraordinary support to its subsidiary, if needed. Siyapatha is rated two notches below its parent because of its limited role in the group’s core business. The rating also captures Siyapatha’s limited operational and management integration with its parent.

 


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