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. In February 2017, Fitch affirmed Sri Lanka’s Long-Term Foreign-Currency IDR at ‘B+’ and revised the Outlook to Stable from Negative. The Long-Term Local-Currency IDR is also ‘B+’ with a Stable Outlook.
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