Fitch rates Sri Lanka’s USD Bonds ‘B(EXP)’

Fitch Ratings has assigned Sri Lanka’s upcoming US dollar-denominated bonds an expected rating of ‘B(EXP)’.

The expected rating is in line with Sri Lanka’s Long-Term Foreign-Currency Issuer Default Rating (IDR) of ‘B’ with a Stable Outlook.

The rating would be sensitive to any changes in Sri Lanka’s Long-Term Foreign Currency IDR. Fitch downgraded Sri Lanka’s Long-Term Foreign-And-Local-Currency IDRs to ‘B’ from ‘B+’, with a Stable Outlook, on 3 December 2018. 

Moody’s assigns B2 rating to Sri Lanka’s proposed senior unsecured US dollar bonds