Fitch downgrades ratings of SriLankan Airlines bond & Sri Lanka Telecom

Dec 05, 2018 (LBO) – Fitch Ratings has downgraded the ratings on SriLankan Airlines 175 million US dollars government-guaranteed bonds due in June 2019 and Sri Lanka Telecom Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) to ‘B’ from ‘B+’. This follows the downgrade of Sri Lanka’s Long-Term Foreign and Local-Currency Issuer Default Ratings to ‘B’ […]