Last Updated : 01-08-2014 00:13

 
 

HNB gets int'l rating

E-mail Print
Sri Lanka’s Hatton National Bank PLC (HNB) yesterday received an international credit rating from Moody’s Investors Service.
 
According to a statement by Moody’s the rating assigned to HNB were; Local currency deposits: B1/NP, Foreign currency deposits : B2/NP , Foreign currency senior unsecured debt : B1 and  Foreign currency issuer rating : B1.
 
“This is the first assignment of international ratings for HNB. These ratings and outlooks take into account the balance of strengths and weaknesses characterizing HNB’s credit profile on a standalone basis, as well as our assumptions on the probability of government support in times of stress, which we assess as moderate. At E+ / b1, our support assumption does not result in any rating uplift,” the statement said.

 
 

Views : 3507
 
SocialTwist Tell-a-Friend


Add comment


Security code
Refresh

ads
The scene of a tragedy
Saluting the alma mater
Video: Health workers in protest march
Video: Ravana Balaya at Buddha Sasana Ministry
The scene of a tragedy
Saluting the alma mater
Video: Health workers in protest march
Video: Ravana Balaya at Buddha Sasana Ministry