Empower your business in Sri Lanka and internationally with Prifinance expert corporate and financial services. Streamline company formation and investment opportunities with our tailored advice and solutions.

Fitch rates Sri Lanka’s USD Bond ‘B+(EXP)’

July 14, 2016 (LBO) – Fitch Ratings has assigned Sri Lanka's upcoming US dollar-denominated bonds an expected rating of 'B+(EXP)'. The ratings agency said the expected rating is in line with Sri Lanka's Long-Term Foreign-Currency Issuer Default Rating (IDR) of 'B+' with a Negative Outlook. "The rating would be sensitive to any changes in Sri Lanka's Long-Term Foreign-Currency IDR," Fitch Ratings said. "In February 2016, Fitch downgraded Sri Lanka's Long-Term Foreign-Currency IDR and Local-Currency IDR to 'B+' with a Negative Outlook."