Fitch rates Sri Lanka’s sovereign bond ‘BB-(EXP)’
COLOMBO (EconomyNext) – Fitch Ratings has assigned Sri Lanka’s forthcoming US dollar denominated bonds an expected rating of ‘BB-(EXP)’.
The expected rating is in line with Sri Lanka’s Long-Term Foreign Currency Issuer Default Rating (IDR) of ‘BB-‘ with Stable Outlook, a statement said.
The rating would be sensitive to any changes in Sri Lanka’s Long-Term Foreign Currency IDR.
On 22 April 2015, Fitch affirmed Sri Lanka’s Long-Term Foreign Currency IDR at ‘BB-‘ with a Stable Outlook. The Long-Term Local Currency IDR is also ‘BB-‘ with Stable Outlook..