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Sri Lanka's John Keells Holdings, which has interests in container terminals, consumer goods, financial services and property reported profits of 11.2 billion rupees in the June 2022 quarter helped by 10 billion rupees of exchange gains as a soft-peg with the US dollars collapsed.
The rating downgrade relates to external debt obligations.
London-based Fitch Ratings has downgraded Belarus's Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) to 'C' from 'CCC', which points to the imminent default expectations. — Ukrinform.
Fitch Ratings has downgraded the rating of Sri Lanka's Bank of Ceylon's foreign currency rating to 'Restricted Default' from 'CC'
Fitch Ratings has downgraded Bank of Ceylon's (BOC) Long- and Short-Term Foreign Currency (FC) Issuer Default Ratings (IDRs) to 'RD' (Restricted Default) from 'CC' and 'C', respectively. Fitch has also downgraded the Viability Rating (VR) to 'f' from 'cc', and removed the ratings from Rating Wat