World & BusinessFitch upgrades Sri Lanka's rating to B-
The Economic Times reports that Fitch raised Sri Lanka's long-term foreign-currency default rating from CCC+ to B- and maintained a stable outlook.
TLDR
The Economic Times reports that Fitch upgraded Sri Lanka's long-term foreign-currency default rating to B- from CCC+, with a stable outlook. Fitch cited macro-stabilisation policies and structural reforms that have eased external financing risks. The report also flags high debt, modest foreign-exchange reserves and higher energy costs as risks, while remittances and multilateral financing provide support.
Fitch upgrades Sri Lanka's rating to B-
The Economic Times reports that Fitch raised Sri Lanka's long-term foreign-currency default rating from CCC+ to B- and maintained a stable outlook.
TLDR
The Economic Times reports that Fitch upgraded Sri Lanka's long-term foreign-currency default rating to B- from CCC+, with a stable outlook. Fitch cited macro-stabilisation policies and structural reforms that have eased external financing risks. The report also flags high debt, modest foreign-exchange reserves and higher energy costs as risks, while remittances and multilateral financing provide support.