HNB PLC, had its National Long-Term Rating revised upward to 'AA+(lka)' with a negative outlook, subsequent to a recalibration of country ratings scales by Fitch Ratings.
As a result of the recalibration, HNB’s rating was revised upward by two notches, placing it amongst the top rated Sri Lankan banks. The negative outlook assigned to this category by Fitch is in alignment with the negative outlook on the sovereign and the operating environment of Sri Lanka, the bank said in a media release.
“We believe this upward revision of HNB’s National Long Term Rating is a reflection of HNB’s relative strength in this unprecedented volatile environment. The disruptions caused by the COVID-19 pandemic are still reverberating through every segment of the Sri Lankan economy,” HNB Managing Director/CEO, Jonathan Alles said.
During the COVID-19 lockdown, HNB said it was among the first and most active in ensuring that customers island-wide were able to access essential banking and transactional services through a strong emphasis on digital banking as well as innovative solutions such as SOLO, MOMO and AppiGo.
Mr. Ali Sabri Rahim, a Member of Parliament (MP) for Puttalam District whom an open warrant had been issued, attended a public ceremony at Al Aksha National School in Kalpitiya today (16) as the special guest of honor.
All Ceylon Makkal Congress MP Ali Sabri Raheem had been arrested by Kalpitiya police after he surrendered to the police today morning.
Senior DIG Nilantha Jayawardena has been sent on compulsory leave pending disciplinary investigation over his failure to prevent the Easter Sunday bombings.
The 22nd amendment to the constitution dealing with the term of the President has been gazetted by order of President Ranil Wickremesinghe.
Auspicious times widely followed by candidates keeping with traditions will be taken into consideration by the Election Commission in fixing the date and time for the conduct on the Presidential polls.
The Cabinet of Ministers has granted policy approval to change the wording “exceeding six years” in paragraph (b) of Article 83 of the Constitution to “exceeding five years” with reference to the President’s tenure.
Leave Comments