Sri Lanka Financial Institution Ratings Not Affected by Sovereign Downgrade: Fitch Ratings

Sri Lanka Financial Institution Ratings Not Affected by Sovereign Downgrade: Fitch Ratings

Sri Lanka bank ratings are unaffected by the downgrade of Sri Lanka’s Long-Term Local-Currency Issuer Default Rating to ‘RD’ from ‘C’, says Fitch Ratings. On 14 September 2023, Fitch downgraded the sovereign’s Long-Term Local- Currency Issuer Default Rating following the completion of an exchange of treasury bonds for longer-dated ones, which forms a part of […]