Fitch Ratings (Fitch) has affirmed the National Long-Term Rating at ‘A(lka)’ with a Stable Outlook, the Long Term Foreign Currency Issuer Default Rating(IDR) at ‘CC’, the...
Fitch Ratings has affirmed the rating on SriLankan Airlines Limited’s (SLA) USD175 million government guaranteed 7% unsecured bonds due 25 June 2024 at ‘C’. The rating...
The 2024 global credit outlook is driven by four key themes, Fitch Ratings says in a new report. The first is a continued feedthrough of sustained...
Fitch Ratings expects greater divergence in the performance of banking sectors in Asia Pacific (APAC) in 2024, with five countries set to report broadly improving results...
The targets laid out in Sri Lanka’s budget for 2024 will be challenging to meet even with the economic recovery that we expect to continue next...
‘Downside risks to banks are easing’ ‘Sri Lanka still remains dependent on official financing sources’ ‘Normalising relationship with foreign creditors may result in a ratings upgrade’...
Fitch Ratings upgraded Sri Lanka’s Long-Term Local-Currency Issuer Default Rating (IDR) to ‘CCC-‘ from ‘RD’ (Restricted Default), in its latest report.Fitch typically does not assign Outlooks...
Broader economic conditions ‘ remain challenging’ amid expected contraction of economy Near-term ‘downside risks’ to credit profiles from spill-over effects of remainder of DDO ‘Uncertainties’ prevail...
Fitch Ratings, on Friday, reaffirmed Sri Lanka’s Long-Term Foreign-Currency Issuer Default Rating at ‘Restricted Default’, or RD.Fitch said that the country’s reserves levels will influence the...
Global credit rating agency, Fitch Ratings has announced its decision to maintain People’s Bank’s National Rating of ‘A(lka)’ on Rating Watch Negative (RWN) this week.In its...