Fitch affirms AAA for NSB
12 September 2011 11:40 am
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Fitch Ratings Lanka has confirmed National Savings Bank's (NSB) National Long-Term rating at 'AAA(lka)' with a stable outlook.
"NSB's rating reflects its full state ownership and importance to the government in terms of its stipulated policy role of mobilising retail savings and investing in government securities (GS)," a statement by the rating agency said.
"NSB's deposits have an explicit guarantee from the Government of Sri Lanka. Its policy role and full state ownership further underpin the rating by way of potential government support in case of need," Fitch said.