📈 Fitch Rates DFCC Bank’s LKR 12.5 Bn Basel III Subordinated Debt 'BBB+(lka)'

• Issuance Details: Fitch Ratings assigned a final National Long-Term Rating of 'BBB+(lka)' to DFCC Bank PLC's proposed Basel III-compliant, subordinated unsecured debentures worth up to LKR 12.5 Bn. • Structure & Usage: The debentures carry a 5-year maturity and will list on the Colombo Stock Exchange (CSE). Proceeds aim to strengthen DFCC's regulatory Tier 2 capital base and support balance-sheet growth. • Loss Absorption: Features a non-viability clause converting debentures to ordinary voting shares if triggered by the Central Bank of Sri Lanka (CBSL). • Rating Rationale: Rated two notches below DFCC's National Long-Term Rating anchor ('A(lka)'/Stable), reflecting standard loss-severity baseline and poor recovery expectations without going-concern loss absorption.