Free and Open Access to
Public Finance Data and Analysis
Fitch Downgrades Sri Lanka to ‘C’


Fitch Ratings has downgraded Sri Lanka’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘C’ from ‘CC’. The issue ratings on foreign-currency bonds issued on international markets have also been downgraded to ‘C’ from ‘CC’. The Long-Term Local-Currency IDR has been affirmed at ‘CCC’ and the Country Ceiling at ‘B-’. A full list of rating actions is at the end of this rating action commentary.

Fitch Downgrades Sri Lanka to ‘C’