Fitch Ratings has assigned Sri Lanka's upcoming $1 billion global bond issue a 'BB-(exp)' rating. The final rating is contingent on the receipt of final documentation conforming to information already received, the agency said.
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.
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Fitch rates Sri Lanka's upcoming Bond 'BB-(exp)'
