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Sri Lanka’s US dollar bond rated ‘BB-(EXP)’: Fitch
May 29, 2015 (LBO) - Fitch Ratings has assigned Sri Lanka's forthcoming US dollar denominated bonds an expected rating of 'BB-(EXP)'.
The full statement follows
Fitch Ratings has assigned Sri Lanka's forthcoming US dollar denominated bonds an expected rating of 'BB-(EXP)'.
KEY RATING DRIVERS
The expected rating is in line with Sri Lanka's Long-Term Foreign Currency Issuer Default Rating (IDR) of 'BB-' with Stable Outlook.
RATING SENSITIVITIES
The rating would be sensitive to any changes in Sri Lanka's Long-Term Foreign Currency IDR. On 22 April 2015, Fitch affirmed Sri Lanka's Long-Term Foreign Currency IDR at 'BB-' with a Stable Outlook. The Long-Term Local Currency IDR is also 'BB-' with Stable Outlook..
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