Fitch Ratings’ decision to upgrade Sri Lanka shows recognition of progress in economic stabilisation: CCC

The Ceylon Chamber of Commerce is pleased to see the tangible results of the commitment and sustained efforts towards restoring Sri Lanka’s macroeconomic stability, reflected in Fitch Ratings’ decision to upgrade the country’s Long-Term Foreign-Currency Issuer Default Rating from ‘CCC+’ to ‘B-’, with a Stable Outlook. The upgrade is an important development in Sri Lanka’s economic […]