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Fitch Affirms HSBC Sri Lanka at AAA

29 August 2011 09:57 am - 0     - {{hitsCtrl.values.hits}}

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Fitch Ratings Lanka has affirmed HSBC Sri Lanka's (HSBCSL) National Long-Term rating at 'AAA(lka)'. The Outlook is Stable

“The rating reflects the financial strength of the Hong Kong & Shanghai Banking Corporation Limited (HKB; 'AA'/Stable), given that HSBCSL is a branch and part of the same legal entity as HKB. Thus, Fitch believes that support from the latter would be forthcoming if required, subject to any regulatory constraints on remitting money into Sri Lanka. HKB is rated above Sri Lanka's sovereign Issuer Default Rating of 'BB-'/Stable Outlook” Fitch said.

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Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka

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Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka

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