📈 Fitch Assigns Initial Ratings to NDB Wealth Money Fund

Fitch Ratings has assigned first-time ratings of ‘AA+f(lka)’ (National Fund Credit Quality Rating) and ‘S2(lka)’ (National Fund Market Risk Sensitivity Rating) to Sri Lanka’s NDB Wealth Money Fund. • Key Rating Drivers: • Credit Quality: Assigned ‘AA+f(lka)’ reflecting high underlying asset quality. While weighted-average rating factor (WARF) suggested ‘AAAf(lka)’ at end-August 2026 (WARF at 0.15), flexible investment guidelines allowing non-government paper constrained the rating. • Market Risk: ‘S2(lka)’ indicates low sensitivity to interest-rate and spread risks. Rating incorporates collateral maturities on repos with unrated/non-investment grade counterparties. • Fund & Manager Profile: • Fund Profile: Open-end money market fund launched in 2012; assets under management (AUM) stood at LKR 55 Bn as of end-August 2026. Managed under trustee Hatton National Bank PLC. • Asset Manager: Managed by NDB Wealth Management Limited, Sri Lanka’s second-largest asset manager with total mutual fund AUM of LKR 145 Bn (25% market share) as of end-September 2026.