Fitch withdraws expected ratings on HNB’s senior debentures

Friday, 11 December 2015 00:00 - - {{hitsCtrl.values.hits}}

Fitch Ratings has withdrawn the expected rating of ‹AA-(lka)(EXP)› assigned to Hatton National Bank PLC›s proposed senior unsecured debentures as the Bank no longer expects to proceed with the senior debt issue.

The expected rating was assigned on 4 September 2015 with a stable outlook.

HNB›s proposed issuance of up to Rs. 10 billion will now comprise of subordinated debentures only.

Fitch assigned the proposed subordinated debentures a rating of ‹A+ (lka) (EXP)› on 4 September 2015.

The bank has been assigned ratings by HNB as follows; National Long-Term Rating: ‹AA-(lka)›; Outlook Stable, Sri Lanka rupee-denominated senior unsecured debentures: ‹AA-(lka)›, Basel II compliant outstanding subordinated debentures: ‹A+ (lka) and Proposed Basel II compliant subordinated debentures: ‹A+ (lka) (EXP)›.

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.