Fitch Ratings has placed the National Insurer Financial Strength (IFS) Ratings of seven Sri Lankan insurers on Rating Watch Negative (RWN). The insurers are:
-National Insurance Trust Fund Board
-HNB Assurance PLC
-HNB General Insurance Limited
-People's Insurance PLC
-Continental Insurance Lanka Limited
-Co-operative Insurance Company Limited
-Sanasa General Insurance Company Limited
Fitch has also downgraded Sri Lanka Insurance Corp's IFS to 'CC'; placing IFS, 'AA(lka)' National IFS on RWN.
Fitch-Places-Seven-Sri-Lankan-Insurers-on-Rating-Watch-NegativeFitch-Downgrades-Sri-Lanka-Insurance-Corps-IFS-to-CC_-Places-IFS-AAlka-National-IFS-on-RWN