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Fitch Downgrades People's Merchant Bank to 'BB+(lka)'; Off RWN; Assigns Negative Outlook

Mar 8, 2010 12:15:24 PM - thecolombotimes.com

Fitch Ratings-Colombo/Singapore-08 March 2010: Fitch Ratings Lanka has today removed People's Merchant Bank Plc's National Long-term rating from Rating Watch Negative (RWN) and downgraded the rating to 'BB+(lka)' from 'BBB-(lka)'. The agency has simultaneously assigned a Negative Outlook.