Fitch Downgrades Sri Lanka s Long-Term Local-Currency IDR to C
Fitch Ratings has downgraded Sri Lanka s Long-Term Local-Currency (LTLC) Issuer Default Rating (IDR) to C from CC . The issue ratings on local-currency bonds have also been downgraded to C from CC . The Long-Term Foreign-Currency (LTFC) IDR has been affirmed at RD (Restricted Default) and the Country Ceiling at B- . MORE..