Fitch downgrades Sri Lanka Telecom to B+

Fitch Ratings has downgraded Sri Lanka Telecom PLC’s (SLT) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) to ‘B+ from ‘BB-‘. The Outlook on the IDRs is Negative. The agency has affirmed SLT’s National Long-Term Rating at ‘AAA(lka)’ with a Stable Outlook. The rating action follows Fitch’s downgrade of Sri Lanka’s Long-Term Foreign- and Local-Currency […]