Fitch Downgrades Sri Lanka’s Long Term Foreign Currency IDR to ‘CC’

Fitch Ratings has downgraded Sri Lanka’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘CC’, from ‘CCC’. Fitch typically does not assign Outlooks or apply modifiers for sovereigns with a rating of ‘CCC’ or below.

Related: S&P downgrades Sri Lanka; Central Bank disputes

Correction-Fitch-Downgrades-Sri-Lankas-Long-Term-Foreign-Currency-IDR-to-CC

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