Fitch Ratings has assigned DFCC Bank PLC's (DFCC; AA-(lka)/Stable) proposed senior unsecured debentures of up to LKR7bn a final National Long-Term Rating of 'AA-(lka)'.

The assignment of the final rating follows the receipt of documents conforming to information already received, and the final rating is the same as the expected ratings assigned on 3 November 2015.

The proposed debentures, which will have tenors of three years and carry fixed coupons, will be listed on the Colombo Stock Exchange. DFCC expects to use the proceeds to reduce asset and liability maturity mismatches.