Fitch Ratings has withdrawn the final National Long-Term Rating of 'BBB(lka)', which is on Rating Watch Negative (RWN), on National Development Bank PLC's (NDB; A-(lka)/RWN) proposed Sri Lankan rupee-denominated Basel III-compliant subordinated debentures of up to LKR6 billion.

The rating was assigned on 22 June 2023.

Fitch is withdrawing the rating as the applicable issuance has been cancelled.

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