Fitch Ratings Lanka Ltd has downgraded Siyapath Finance PLC’s National Long-term Rating to ‘A-(lka)’ from ‘A(lka)’.The outlook is stable.

The credit rating agency has also downgraded Siyapath Finance PLC’s outstanding senior unsecured debentures to National Long-term Rating ‘A-(lka)’ and outstanding subordinated debentures ‘BBB+(lka)’ from ‘A-(lka)’.

This is following the downgrading of the parent company Sampath Bank PLC’s rating by Fitch Ratings Lanka Ltd from ‘AA-(lka)’ to ‘A+(lka)’.