Fitch confirms Sri Lanka CCC+ sovereign rating

Fitch Affirms Sri Lanka’s Sovereign Rating at ‘CCC+’ - LNW Lanka News Web

Fitch Ratings has affirmed Sri Lanka’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘CCC+’, noting that despite the completion of the country’s debt restructuring in 2024, risks remain due to elevated government debt levels and a high interest-to-revenue ratio. The agency highlighted that Sri Lanka’s ongoing reforms are supporting a solid economic recovery, with low inflation, substantial fiscal adjustments, and improvements in the …

Fitch confirms Sri Lanka CCC+ sovereign rating

ECONOMYNEXT – Fitch Ratings has confirmed Sri Lanka’s CCC+ sovereign rating saying external finances are stable, and growth is resuming despite US tariffs. “We expect full-year growth at 4.4 percent, with 3.8 percent in 2026 and 3.6 percent in 2027,” the rating agency said. “US tariffs will be a growth headwind, but the revised reciprocal tariff rate of 20 percent is now in line with peers, reducing risks to exports. “We see low average inflatio…