📊 Fitch Rates Sampath Bank's Proposed Rs. 10 Bn Subordinated Debentures 'A(lka)'

• Instrument & Rating: Fitch Ratings has assigned a final National Long-Term Rating of 'A(lka)' to Sampath Bank PLC's proposed Basel III-compliant Tier 2 subordinated debentures of up to Rs. 10 Bn. • Structure & Listing: The Sri Lankan rupee-denominated debentures carry tenors of 5 and 7 years and will be listed on the Colombo Stock Exchange (CSE). • Capital & Growth: Proceeds will supplement Sampath Bank's Tier 2 regulatory capital base to satisfy capital adequacy requirements and drive expansion in its loan book across key economic sectors, supporting broader financial services and credit access. • Rating Rationale: The instrument is rated two notches below the bank's anchor National Long-Term Rating of 'AA-(lka)/Stable', reflecting standard baseline loss severity and recovery expectations for Basel III Tier 2 debt with non-viability conversion clauses.