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Correction: Fitch Revises 5 Omani Banks' Outlooks to Positive; Maintains 1 on Rating Watch Negative - Vimarsana News

Correction: Fitch Revises 5 Omani Banks' Outlooks to Positive; Maintains 1 on Rating Watch Negative

This is a correction of a rating action commentary published on 2 May 2023. It clarifies the rationale for the rating actions taken on BM, BD, NBO, SIB, and ABO. Fitch Ratings has revised five Omani... | May 8, 2023

Sri Lanka Insurance Corporation downgraded to CC by Fitch amid broken soft-peg - Vimarsana News

Sri Lanka Insurance Corporation downgraded to CC by Fitch amid broken soft-peg

Fitch has downgraded Sri Lanka Insurance Corporation Limited's (SLIC) insurer Financial Strength (IFS) Rating to 'CC', from 'CCC+', and has placed the rating on watch for downgrade due to risk from forex shortages from a broken soft-peg.