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* Fitch Assigns Sri Lanka's USD Bonds Final 'B' Rating
Thu, Mar 14, 2019, 07:27 pm SL Time, ColomboPage News Desk, Sri Lanka.

Mar 14, Colombo: Fitch Ratings has assigned a final rating of 'B' to the following bonds issued by Sri Lanka on 7 March 2019: - USD1 billion 6.85% bond due 2024 and USD1.4 billion 7.85% bond due 2029.

This replaces the expected rating of 'B (EXP)' that Fitch assigned on 6 March 2019.

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

RATING SENSITIVITIES
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, on 3 December 2018.

 

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