Fitch rates UB Finance ‘BB(lka)’ with negative outlook

Fitch Ratings Lanka Limited has affirmed UB Finance PLC’s National Long-Term Rating at “BB(lka)” with negative outlook, according to a filing submitted to the Colombo Stock Exchange (CSE).
The rating action is effective as of April 16, 2025. BB(lka) rating reflects the company’s moderate credit risk within Sri Lanka’s national scale. However, the negative outlook signals concerns over future challenges that could impact the firm’s creditworthiness.  
UB Finance PLC was established in 2012 by Union Bank of Colombo PLC with its international strategic investment partner.