Tag: Fitch Upgrades Bank of Ceylon’s IDRs to ‘B-‘

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Fitch Upgrades Bank of Ceylon’s IDRs to ‘B-‘, VR to ‘b-‘; Outlook Stable

Fitch Ratings has upgraded Bank of Ceylon’s (BOC) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) to ‘B-‌’‌, from ‘CCC+‌’, with a Stable Outlook. Fitch has also upgraded BOC’s Viability Rating (VR) to ‘b-‌’‌, from ‘ccc+‌’‌, and Short-Term IDR to ‘B’, from ‘C’. The Government Support Rating (GSR) has been affirmed at ‘ns’ (no support). […]