Fitch Ratings said it has revised the outlook on Sri Lanka Insurance Corporation’s (SLIC) Insurer Financial Strength (IFS) rating to stable from negative and confirmed the IFS rating at ‘B+’.The rating action follows the revision of the outlook on Sri Lanka’s Long-Term Local-Currency Issuer Default Rating (IDR) to stable from negative and the confirmation of the rating at ‘B+’ on 9 Feburary 9,2017, a statement said.
SLIC’s IFS rating is constrained by Sri Lanka’s Long-Term Local-Currency IDR and the Negative Outlook reflects the Negative Outlook on Sri Lanka’s IDR, it said.
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