Fitch upgrades Sri Lanka's Long-Term Local-Currency IDR to 'CCC-'
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Fitch Ratings has upgraded Sri Lanka’s Long-Term Local-Currency Issuer Default Rating (IDR) to ‘CCC-‘ from ‘RD’ (Restricted Default). Fitch typically does not assign Outlooks to sovereigns with a rating of ‘CCC+’ or below. The Long-Term Foreign-Currency IDR has been affirmed at ‘RD’ and the Country Ceiling at ‘B-‘. The Short-Term Local-Currency IDR has been downgraded...
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The economy of Belarus has adjusted to sanctions and the loss of key export markets slightly better than expected. The future, however, is deeply uncertain.
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