📝 Summary
Fitch Ratings has upgraded Sri Lanka’s Long-Term Issuer Default Ratings (IDRs) to ‘B-‘ from ‘CCC+’. The Outlook is Stable. The upgrade reflects the implementation of macro-stabilization policies, underpinned by structural reforms, which have eased external financing risks and provide a degree of resilience to shocks, the statement said. The upgrade reflects the implementation of macro-stabilization […]