Fitch downgraded SL five times within last six years

COLOMBO (News 1st); Sri Lanka's Fitch Credit Ratings have been downgraded five times in the last six years, Publicfinance.lk reveals. 

Accordingly, Sri Lanka, which was at B in December 2018, has been downgraded to CC rating by December 2021. 

However, Bangladesh has managed to maintain the credit level of BB- while Philippines has been upgraded to BBB from BBB-.

Malaysia has been downgraded once throughout the same period of time, from A- to BBB+.