Fitch downgrades 10 Sri Lankan Banks after local sovereign rating cut

Free and Open Access to

Public Finance Data and Analysis

data-chart

Fitch downgrades 10 Sri Lankan Banks after local sovereign rating cut

Fitch Ratings said it had downgraded 10 Sri Lanka banks following a re-calibration of the local currency sovereign rating. All 10 banks on rating watch negative.

https://economynext.com/fitch-downgrades-10-sri-lankan-banks-after-local-sovereign-rating-cut-109117/

EconomyNext

2023-01-18

Related News and Insights

CEB reports turnaround performance in 3Q despite t...

The Ceylon Electricity Board achieved a significant turnaround in Q3 2024, driven by prior steep tariff hikes, with revenue rising 19.8% year-on-year to Rs.126.80 billion and operating profits surging by 169.8% to Rs.35...

ADB US$200 million loan to strengthen Sri Lanka’s...

The ADB approved a $200 million loan to strengthen Sri Lanka's financial sector by enhancing banking sector governance, improving asset quality, supporting MSMEs with incentives, promoting financial inclusion for women through...

President urges IMF to adopt balanced approach in...

President Anura Kumara Dissanayake stressed the need for a balanced IMF approach that addresses fiscal challenges while prioritizing social welfare, efficient resource use, and anti-corruption measures to rebuild public tru...