Fitch downgraded SL five times within last six years

Fitch downgraded SL five times within last six years

Fitch downgraded SL five times within last six years

Written by Amani Nilar

27 Jan, 2022 | 6:50 pm

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+.

 

 

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