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

Thursday, 12 April 2018 00:00 -     - {{hitsCtrl.values.hits}}

Fitch Ratings said yesterday it 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. In February 2018, Fitch affirmed Sri Lanka’s Long-Term Foreign-Currency IDR at ‘B+’ with a Stable Outlook. The Long-Term Local-Currency IDR is also ‘B+’ with a Stable Outlook.

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Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.