Fitch upgrades Siyapatha Finance credit rating to ‘A (lka) Stable’

Business

Siyapatha Finance PLC, a fully owned subsidiary of Sampath Bank group, has been upgraded to A (lka) with a stable outlook from A- (lka) by Fitch Ratings Lanka Ltd, in their recalibration of national rating scale.

The low default risk and stability exhibited by Siyapatha Finance along with the strength and institutional support rendered by the parent company has resulted in the upgrade. This achievement, at a time of unsound economic conditions stands testament to the company’s strength and capability, the company said in a media release.

“Receiving an upgrade in Fitch Rating is an immense boost to the trust that our customers place in Siyapatha Finance. As we celebrate15 years in operation, we are humbled by the success we have achieved. We have always made an extra effort to understand this and ensure that our customers receive the best returns for their investments, provide trusted financial solutions and maintain high standards in operations. These have been the success factors of Siyapatha Finance, and we are determined to take all our services as close to our customers as possible.” commented by Ananda Senevirathne – Managing Director of Siyapatha Finance PLC, in the statement.

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