HNB rated B1 with stable outlook

Hatton National Bank PLC (HNB), one of the first local private sector commercial banks to obtain an international credit rating was again affirmed with a foreign currency issuer rating of B1 with a stable outlook on a par with the sovereign rating of Sri Lanka assigned by Moody's Investors Service Inc.

According to the rating report by Moody's, the rating was driven by the robust capital position and healthy profitability levels and Moody's expect the bank's good capitalisation levels and internal capital generation capacity to continue to support its business growth in 2014-15.

Hatton National Bank is a premier private sector commercial bank with a network of 250 customer centres spread across the country and caters to all segments of the market through its diverse product and service offering.