Tuesday, July 2, 2019 - 01:00
Fitch Ratings has assigned Sri Lanka’s USD 500 million 6.35% bonds due 2024 and USD1.5 billion 7.55% bonds due 2030 a final rating of ‘B’.
The final rating is in line with the expected rating assigned on June 24, 2019.
The bonds ratings are in line with Sri Lanka’s Long-Term Foreign-Currency Issuer Default Rating
(IDR) of ‘B’ with a Stable Outlook. The ratings would be sensitive to any changes in Sri Lanka’s Long-Term Foreign-Currency IDR. Fitch downgraded Sri Lanka’s Long-Term Foreign- and Local-Currency IDRs to ‘B’ from ‘B+’, with a Stable Outlook, in December 2018.
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