Fitch Rates Sri Lanka's Upcoming Bond 'BB-(exp)'
Fitch Ratings has assigned Sri Lanka's upcoming US $-denominated
global bonds due 2022 an expected 'BB-(exp)' rating. The final rating is
contingent on the receipt of final documentation conforming to
information already received.
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-'. The IDR Outlooks are Stable.