Tag: Fitch downgrades Sri Lanka to B-; outlook negative

Apr 24, 2020 (LBO) – Fitch Ratings has downgraded Sri Lanka’s Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) to ‘B-‘, from ‘B’ with a negative outlook. Full statement KEY RATING DRIVERS The downgrade of Sri Lanka’s IDRs reflects the following key rating drivers. The shock to Sri Lanka’s economy from the coronavirus pandemic will […]