Fitch withdraws rating on Lankaputhra Development Bank

Monday, 7 January 2019 01:33 - - {{hitsCtrl.values.hits}}

Fitch has withdrawn Lankaputhra Development Bank Ltd.’s (LDB) National Long-Term Rating of ‘BBB-(lka)’ with a Positive Outlook. No rating action has been taken because of a lack of information.

Fitch is withdrawing the ratings as the Bank has chosen to stop participating in the rating process. Therefore, Fitch will no longer have sufficient information to maintain the ratings. Accordingly, Fitch will no longer provide ratings (or analytical coverage) for LDB.