Thursday, March 24, 2016

Fitch Affirms and Withdraws HSBC Sri Lanka Branch at 'AAA'(lka)

(The following statement was released by the rating agency) COLOMBO/TAIPEI, March 24 (Fitch) Fitch Ratings Lanka has affirmed and simultaneously withdrawn the rating of HSBC Sri Lanka Branch's (HSBCSL) National Long-Term Rating at 'AAA(lka)' with a Stable Outlook due to commercial reasons. KEY RATING DRIVERS NATIONAL RATINGS HSBCSL's rating is at the highest end of the National Rating scale and reflects the credit profile and financial strength of The Hongkong and Shanghai Banking Corporat


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