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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Fitch Rates Sri Lanka’s Upcoming Bond ‘BB-(exp)

Fitch Rates Sri Lanka’s Upcoming Bond ‘BB-(exp)

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Malika1990

Malika1990
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Jul 17, 2012 (LBT) - Fitch Ratings has assigned Sri Lanka’s upcoming USD-denominated global bonds due 2022 an expected ‘BB-(exp)’ rating. Fitch says, the final rating is contingent on the receipt of final documentation conforming to information already received.

According to the agency, the rating is in line with the Sri Lankan sovereign’s Long-Term Foreign Currency Issuer Default Rating (IDR) of ‘BB-’. Sri Lanka’s Long-Term Local Currency IDR is also ‘BB-’ and the IDR Outlooks are Stable.
http://www.lbt.lk/corporate/evaluations/2283-stable-outlook

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