Fitch rates Nations Trust Bank debt A(lka)

Fitch Ratings said it assigned a national long-term rating of A(lka) to Nations Trust Bank plc's proposed senior debenture of up to LKR500 million, and affirmed its national long-term rating at A(lka) and outstanding redeemable subordinated debenture issue of LKR1 billion at A-(lka).

The outlook is stable.

The ratings reflect the bank's sustained profitability, good capital position, strong risk management processes and controls, Fitch said, as well as its large concentration toward consumer financing products and leasing, which are more susceptible to economic downturn.

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