(LANKAPUVATH | COLOMBO) – Fitch Ratings has downgraded Sri Lanka’s Long-Term Local-Currency (LTLFC) Issuer Default Rating (IDR) to ‘RD’ (Restricted Default) from ‘C’."Fitch downgrades Sri Lanka’s Long-Term Local-Currency IDR to ‘RD’"
(LANKAPUVATH | COLOMBO) –Fitch Ratings has downgraded the National Insurer Financial Strength (IFS) Ratings of seven Sri Lankan insurers following the recent sovereign downgrade and recalibration of the agency’s Sri Lankan National Rating scale."Fitch downgrades seven Sri Lankan insurers’ national IFS ratings"
(LANKAPUVATH | COLOMBO) – Fitch on Thursday downgraded Sri Lanka’s Long-Term local-currency debt rating by two notches to “CC” from “CCC”, citing a probable local-currency debt default in the face of high interest costs and tight domestic financing conditions."Fitch downgrades Sri Lanka’s local currency debt rating to ‘CC’"