Sunday, November 20, 2016

Fitch Rates National Insurance Trust Fund 'AA-(lka)'/Stable

(The following statement was released by the rating agency)

COLOMBO, November 21 (Fitch) Fitch Ratings has assigned Sri

Lanka-based National

Insurance Trust Fund Board (NITF) a National Insurer Financial

Strength Rating

(IFS) and National Long Term Rating of 'AA-(lka)'. The Outlook

is Stable.

NITF's ratings reflect strong ties with the government of Sri

Lanka

(B+/Negative), a strong business profile as the only reinsurer

in the country,

high capitalisation and conservative investment policy,

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