Fitch Affirms DFCC Bank At 'B+'; Outlook Stable

Fitch Ratings has affirmed Sri Lanka-based DFCC Bank's (DFCC) Long-Term Foreign-Currency and Local-Currency Issuer Default Ratings (IDRs) at 'B+' with a Stable Outlook. 

The agency has also affirmed DFCC's Viability Rating (VR) at 'b+'. DFCC's National Long-Term Rating has also been affirmed at 'AA-(lka)' with a Stable Outlook. Fitch has assigned an expected rating of 'AA-(lka)(EXP)' to DFCC's proposed senior debenture issue of up to Rs.5 billion. 

Fitch has also affirmed its 99.1% subsidiary, DFCC Vardhana Bank PLC's (DVB) National Long-Term Rating at 'AA-(lka)' with a Stable Outlook. 

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