Fitch Ratings has assigned Sri Lanka's forthcoming US dollar-denominated bond an expected rating of 'BB-(EXP)'. The expected rating is in line with Sri Lanka's Long-Term Foreign-Currency Issuer Default Rating (IDR) of 'BB-' with Stable Outlook, the rating agency said in a statement on Wednesday. “The rating would be sensitive to any changes in Sri Lanka's Long-Term Foreign-Currency IDR. In April 2015, Fitch affirmed Sri Lanka's Long-Term Foreign-Currency IDR at 'BB-' with a Stable Outlook. The Long-Term Local-Currency IDR is also 'BB-' with Stable Outlook,” it said. - ENDS -
The final rites of veteran broadcaster, writer, and lyricist Nirmala de Alwis will be held today at Peradeniya.
Read this week’s Sunday Times for your interesting articles
Leave Comments