Fitch affirms HNB

Fitch Ratings Lanka said it affirmed HNB Assurance plc's national long-term rating at A(lka). The outlook is stable.

The agency said the rating reflects HNB's comfortable capitalization, both in terms of regulatory solvency and Fitch's risk-based capital computations, as well as its sustained profitability and modest market share. The ratings also reflect Fitch's expectation of support from HNB's parent, Hatton National Bank plc (AA-(lka)/stable), if required.

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