Home » Another victory in Sri Lanka’s economy – Fitch upgrades SL

Another victory in Sri Lanka’s economy – Fitch upgrades SL

written by NHL Werasinghe Source

Fitch Ratings Company states that Sri Lanka’s credit ratings show a positive trend, and as a result, an upgrade has been announced for the country’s credit ratings.
As such, Fitch Ratings has upgraded the country’s long-term foreign currency issuer rating from CCC- level to CCC+ ( level).
Accordingly, Fitch Ratings states that the restructuring of international sovereign bonds and the completion of the outlook for macroeconomic indicators have reduced the risk of local currency debt defaults.

Fitch Upgrades Sri Lanka to `CCC+’

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The post Another victory in Sri Lanka’s economy – Fitch upgrades SL appeared first on LankaTruth English.

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written by NHL Werasinghe Source

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