NSB retains AAA rating for 14th consecutive year

The premier savings bank of the country, National Savings Bank (NSB) has been reaffirmed the AAA national long-term rating by Fitch Ratings Lanka for the 14th consecutive year. This is a notable achievement by the bank when considering the present challenging business environment. The AAA rating of the bank denotes strong and stable fundamental characteristics that the bank has and the prospects of ongoing viability and the lowest expectation of failure risk.

Also, this rating is an indication of the bank’s ability to meet the financial commitments, such as interest, repayment of principal or counterparty obligations. It is also an indication to the depositors and investors of the bank receives the money owed to them in accordance with the terms on which they deposited or invested with the bank.

The AAA rating was first assigned to NSB by Fitch Rating Lanka in 2003 and NSB was the first local bank to receive the AAA rating.