Tag: Fitch Upgrades Sri Lanka Long-Term Local-Currency IDR to CCC-

Fitch Ratings has upgraded Sri Lanka’s Long- Term Local-Currency Issuer Default Rating (IDR) to ‘CCC-‘ from ‘RD’ (Restricted Default). Fitch typically does not assign Outlooks to sovereigns with a rating of ‘CCC+’ or below. The Long-Term Foreign-Currency IDR has been affirmed at ‘RD’ and the Country Ceiling at ‘B-‘. The Short-Term Local-Currency IDR has been […]