Tag: Sri Lanka’s telecom sector rated negative due to uncertain tax proposals: Fitch

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Fitch maintains negative outlook for Sri Lanka’s telecom sector

Nov 23, 2015 (LBO) – Fitch Ratings will maintain a negative outlook for Sri Lanka’s telecom sector due to uncertainty over proposals to increase taxes, which are likely to lower profitability and increase leverage for telcos, if implemented, Fitch Ratings said. The full statement by Fitch is reproduced below: Fitch Ratings-Singapore/Colombo-22 November 2015: Fitch Ratings […]