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FitchRatings has downgraded Sri Lanka’s Long-Term Local-Currency Issuer Default Rating (IDR) to ‘CC’, from ‘CCC’, and has affirmed the Long-Term Foreign-Currency IDR at ‘RD’ (Restricted Default). Fitch typically does not assign Outlooks to ratings of ‘CCC+’ or below. Fitch has also removed the Long-Term Local-Currency IDR from Under Criteria Observation, on which it was placed […]
Sri Lanka's Public Utilities Commission has disputed forward looking tariff hike for state-run Ceylon Electricity Board in 2023 saying fuel sold by a petroleum monopoly as well as demand projections are too high.
Rather than working to resolve Sri Lanka’s ongoing crisis, political parties are preoccupied with turning the situation into an opportunity to grab power, veteran journalist Victor Ivan said.
Fitch Ratings – Hong Kong – 01 Dec 2022: Fitch Ratings has downgraded Sri Lanka’s Long-Term Local-Currency Issuer Default Rating (IDR) to ‘CC’, from ‘CCC’, and has affirmed the Long-Term Foreign-Currency IDR at ‘RD’ (Restricted Default). Fitch typically does not assign Outlooks to ratings of ‘CCC+’ or below. Fitch has also removed the Long-Term Local-Currency...
FitchRatings has downgraded Sri Lanka's Long-Term Local-Currency Issuer Default Rating (IDR) to 'CC', from 'CCC', and has affirmed the Long-Term Foreign-Currency IDR at 'RD' (Restricted Default). Fitch typically does not assign Outlooks to ratings of 'CCC+' or below. Fitch has also removed the Lo