ECONOMYNEXT - Fitch Ratings said it has assigned Sri Lanka's forthcoming US dollar-denominated bond an expected rating of 'BB-(EXP)'.
The expected rating is in line with Sri Lanka's Long-Term Foreign-Currency Issuer Default Rating (IDR) of 'BB-' with Stable Outlook, the rating agency said in a statement.
“The rating would be sensitive to any changes in Sri Lanka's Long-Term Foreign-Currency IDR,” it said.
In April 2015, Fitch affirmed Sri Lanka's Long-Term Foreign-Currency IDR at 'BB-' with a Stable Outlook. The Long-Term Local-Currency IDR is also 'BB-' with Stable Outlook.
The expected rating is in line with Sri Lanka's Long-Term Foreign-Currency Issuer Default Rating (IDR) of 'BB-' with Stable Outlook, the rating agency said in a statement.
“The rating would be sensitive to any changes in Sri Lanka's Long-Term Foreign-Currency IDR,” it said.
In April 2015, Fitch affirmed Sri Lanka's Long-Term Foreign-Currency IDR at 'BB-' with a Stable Outlook. The Long-Term Local-Currency IDR is also 'BB-' with Stable Outlook.
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