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Fitch revises outlook on Sri Lanka's Sampath Bank

Fitch Ratings revised its outlook on Sri Lanka-based Sampath Bank PLC to stable from negative while affirming its rating.

The rating agency on June 13 affirmed the bank's national long-term rating at A+(lka), reflecting its higher risk appetite, expanding franchise and satisfactory asset quality.

Fitch said the outlook revision mirrors its expectation that the lender could maintain higher capital buffers amid its continued focus on capital management and earnings retention while increasing its market share.

The agency expects the company to maintain sufficient buffers above regulatory requirements despite the possibility of its Tier 1 ratio temporarily declining to about 11% by the end of 2018 due to continued rapid growth.