Fitch rates DFCC debentures AA-(lka)

Fitch Ratings said it assigned DFCC Bank plc's proposed Sri Lanka rupee-denominated senior unsecured, unlisted debentures an expected national long-term rating of AA-(lka), the same as Fitch’s rating for the bank.

The notes, which will total up to LKR 5 billion, will mature in five years and carry fixed coupons.

The bank plans to use the proceeds to support its loan expansion.

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