Fitch Ratings Company states that Sri Lanka’s credit ratings show a positive trend, and as a result, an upgrade has been announced for the country’s credit ratings.
As such, Fitch Ratings has upgraded the country’s long-term foreign currency issuer rating from CCC- level to CCC+ ( level).
Accordingly, Fitch Ratings states that the restructuring of international sovereign bonds and the completion of the outlook for macroeconomic indicators have reduced the risk of local currency debt defaults.
