"We have affirmed Sri Lanka's Long-Term Local-Currency IDR at 'CCC', as the government has continued to service local-currency debt and we assume this will continue," the ratings agency said in a statement.
(Reporting by Nilanjana Basu in Bengaluru)
Fitch downgrades Sri Lanka's rating to 'restricted default'
May 19, 2022 at 05:34 pm EDT
Share
(Reuters) - Ratings agency Fitch on Thursday downgraded Sri Lanka's rating to 'RD' from 'C' after the grace period expired on coupon payments that were due on April 18 on two international sovereign bonds.
Share
