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Fitch upgrades Siyapatha Finance credit rating to ‘A(lka)Stable’

Wednesday, June 17, 2020
English

Colombo, 10 June 2020:
Siyapatha Finance PLC, a fully owned subsidiary of Sampath Bank group, one of Sri Lanka’s trusted financial service provider, has been upgraded to A (lka) with a stable outlook from A- (lka) by Fitch Ratings Lanka Ltd, in their recalibration of national rating scale. The low default risk and stability exhibited by Siyapatha Finance along with the strength and institutional support rendered by the parent company has resulted in the upgrade. This achievement, at a time of unsound economic conditions stands testament to the company’s strength and capability.

“Receiving an upgrade in Fitch Rating is an immense boost to the trust that our customers place in Siyapatha Finance. As we celebrate commendable 15 years in operation, we are humbled by the success we have achieved. We have always made an extra effort to understand this and ensure that our customers receive the best returns for their investments, provide trusted financial solutions and maintain high standards in operations. These have been the success factors of Siyapatha Finance, and we are determined to take all our services as close to our customers as possible.” commented by Mr. Ananda Senevirathne – Managing Director of Siyapatha Finance PLC.

About Siyapatha Finance:
Siyapatha Finance is one of the leading financial organizations in Sri Lanka with a network of branches across the country. Fuelled by the drive to help communities achieve their business objectives, the organization is dedicated towards continuous expansion, and has contributed to the development of small and medium entrepreneurial efforts and individual financial needs. It derives strength and security from being the largest fully owned subsidiary of the Sampath Bank Group.

"Siyapatha Finance - Trust Assured"