SLT gets 'B+' rating
STANDARD & POOR'S Ratings Services has revised its outlook on the
ratings of Sri Lanka Telecom Ltd to stable from negative and affirmed
the 'B+' foreign currency and 'BB-' local currency corporate credit
The rating on Sri Lanka Telecom continues to reflect the long-term
rating on the sovereign given its Government ownership and its exposure
to domestic revenues and regulated sector, S&P said.
The ratings agency said the outlook is in line with that on the
'B+/B' foreign currency and 'BB-/B' local currency sovereign credit
ratings on Sri Lanka.
The outlook on the sovereign rating was revised to stable from
negative and the ratings were affirmed, the ratings agency added.