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* Fitch rates Sri Lanka's USD Bonds 'B(EXP)'
Mon, Jun 24, 2019, 03:34 pm SL Time, ColomboPage News Desk, Sri Lanka.

June 24, Colombo: Fitch Ratings has assigned Sri Lanka's forthcoming US dollar bonds an expected rating of 'B(EXP)'.

KEY RATING DRIVERS
The expected rating is in line with Sri Lanka's Long-Term Foreign-Currency Issuer Default Rating (IDR) of 'B' with a Stable Outlook.

RATING SENSITIVITIES
The rating on the bonds 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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