BRIEF-Fitch Upgrades Sri Lanka To 'CCC+'
BY Reuters | CORPORATE | 12/20/24 11:54 AM ESTDec 20 (Reuters) - Fitch:
* FITCH UPGRADES SRI LANKA TO 'CCC+'
* FITCH: ALSO UPGRADED SRI LANKA'S LOCAL-CURRENCY IDR TO 'CCC+'
* FITCH: UPGRADE REFLECTS FITCH'S ASSESSMENT THAT SRI LANKA HAS NORMALISED RELATIONS WITH A MAJORITY OF CREDITORS
* FITCH ON SRILANKA: RESTRUCTURING OF DEBT OWED TO OFFICIAL CREDITORS IS EXPECTED TO BE COMPLETED BY END-2024
* FITCH: EXPECTS SRI LANKA'S NEW GOVERNMENT TO SUPPORT PROGRESS ON REFORMS
* FITCH: EXPECTS BANKS TO REGAIN ACCESS TO FOREIGN-CURRENCY WHOLESALE FUNDING, FOLLOWING RESTORATION OF SRI LANKA'S CREDITWORTHINESS Source text: