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Fitch upgrades ComBank to ‘AA(lka),’ as Lanka’s highest-rated private bank
Fitch Ratings has upgraded Commercial Bank of Ceylon PLC's National Long-Term Rating to 'AA(lka)' from 'AA-(lka),' effective 30th Octobe…
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Fitch's assessment recognises Commercial Bank's longstanding position as Sri Lanka's largest private-sector bank, its sustained advantages in business generation and funding, and its optimised cost of funds relative to other large private-sector banks. "Any rating upgrade of this nature is significant for stakeholders," Sharhan Muhseen, Chairman of Commercial Bank noted.
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