Sri Lanka LB Finance’s debt rated ‘A-(EXP)(lka)’, ‘BBB(EXP)(lka)’ by Fitch Ratings

ECONOMYNEXT – LB Finance’s proposed senior unsecured and subordinated debentures, to raise 20 billion Sri Lanka rupees, have been assigned expected National Long-Term Ratings of ‘A-(EXP)(lka)’ and ‘BBB(EXP)(lka)’ by Fitch Ratings. “The proposed subordinated debentures are rated two notches below LB’s National Long-Term Rating reflecting our baseline notching for loss severity for this debt class and our expectation of poor recoveries in the event of default,” Fitch said. The full statement is reproduced below: Fitch Rates LB Finance’s Senior Debt at ‘A-(EXP)(lka)’, Subordinated Debt at ‘BBB(EXP)(lka)’ Fitch Ratings – Colombo – 04 Nov 2025: Fitch Ratings has assigned LB Finance…

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