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Latest news, analysis and opinions from the Daily FT, Sri Lanka's only national business newspaper. ..

Fitch Ratings has upgraded National Joint-Stock Company Naftogaz Ukrainy's (Naftogaz) Long-Term Issuer Default Rating (IDR) to 'CC' from 'RD' (Restricted Default) following the completion of its eurobond restructuring, the company said on its website.

Fitch Ratings: Fitch Ratings expects continuity to be the main theme of the elections among our rated Asian sovereigns due in 2024, but we view the chance of election outcomes influencing credit profiles as being higher in Pakistan (CCC) and Sri Lanka (Restricted Default, ‘RD’), which are both dependent on successful IMF programme implementation and...

“We believe it most likely that incumbent administrations will retain power in India (BBB-/Stable) and Bangladesh (BB-/Negative), during their general elections in April-May and January, respectively, pointing to the likelihood of broad policy continuity,” the American rating agency pointed.

Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 7th December 2023). Please click here to view a table of listed companies and their associated ticker codes. Note: ISX will be closed on Dec. 10 (Sunday) due to a national holiday (Victory Day). The next trading session will be held on Dec.