Fitch affirms Citibank Colombo at 'AAA (lka)'

Fitch Ratings Lanka has affirmed Citibank Colombo Branch's (CitiSL) National Long-term rating at 'AAA(lka)'. The outlook is stable.

CitiSL's rating reflects Citibank N.A.'s (Citibank) financial strength, of which CitiSL is a branch and part of the same legal entity.

Citibank is rated 'A+'/Rating Watch Negative, which is higher than the sovereign's foreign currency Issuer Default Rating of 'B+'/Positive Outlook. CitiSL follows the group's global credit policy with significant oversight from Citibank's regional operations, particularly India and Hong Kong.