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Fitch rates Bank of Ceylon's Basel III subordinated debt final 'A'
Daily FT
|May 05, 2025
FITCH Ratings has assigned Bank of Ceylon’s (BOC, CCC+/CCC+/AA-(lka)/ Stable) proposed Sri Lankan rupee-denominated Basel Ill-compliant subordinated debentures of up to Rs. 15 billion a final National Long-Term Rating of ‘A(lka)’.
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The final rating is the same as the expected rating assigned on 2 April, as it follows the receipt of documents conforming to information already received.
Fitch issued following key drivers for its rating decision:
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