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Saturday May 15th, 2021
Bonds & Forex

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..
 

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