Fitch affirms Sri Lanka at B+; outlook revised to stable

Feb 09, 2017 (LBO) – Sri Lanka’s Fitch Ratings has affirmed Sri Lanka’s Long-Term Foreign- and Local Currency Issuer Default Ratings (IDR) at ‘B+’ and revised the Outlook to Stable from Negative.

The Country Ceiling and issue ratings on Sri Lanka’s senior unsecured foreign- and local-currency bonds are also affirmed at ‘B+’. The Short-Term Foreign- and Local-Currency IDRs are affirmed at ‘B’.

Full statement is reproduced below.

Sovereign RAC Feb 2017