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Last Updated : 2024-03-29 16:14:00
Fitch Ratings - Hong Kong: Fitch Ratings has downgraded Sri Lanka's Long-Term Local-Currency Issuer Default Rating (IDR) to 'CC', from 'CCC', and has affirmed the Long-Term Foreign-Currency IDR at 'RD' (Restricted Default). Fitch typically does not assign Outlooks to ratings of 'CCC+' or below.
Fitch has also removed the Long-Term Local-Currency IDR from Under Criteria Observation, on which it was placed on 14 July 2022, following the publication of the updated Sovereign Rating Criteria.
A full list of rating actions is at the end of this rating action commentary.
Mizau Friday, 02 December 2022 08:25 AM
This is a bad sign. Indirectly it shows the vulnerability of the local (Sri Lanka) banking system. It seems there is will be a debt for the local borrowed funds. The state minister denied this in parliament.
Nilmini Welivita Friday, 02 December 2022 08:40 AM
What rubbish! What does Finch know ? He is just an Australian cricketer.
Kule Friday, 02 December 2022 05:53 PM
Nonsense, and at a time when his own rating is low. He too should be under observation of ICC.
Lion Friday, 02 December 2022 10:18 AM
Nanda Lal is inviting investors ,he should be insane to invite them under these circumstances
GHT Friday, 02 December 2022 12:25 PM
All Fitch rating systems are bloody American FAKE statistics targeting CHINESE economy. DO NOT BELIEVE its UP and DOWN TREND.
Sunil Friday, 02 December 2022 02:02 PM
At this rate we have no place to fall further.
SK Kumara Friday, 02 December 2022 02:40 PM
Nilmini Welivita, bite only what you can digest. This looks out of your league.
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