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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