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Sri Lanka : Fitch downgrades National Insurance Trust Fund s IFS to BBB+(lka) ; Maintains Watch Negative

Sri Lanka : Fitch downgrades National Insurance Trust Fund s IFS to BBB+(lka) ; Maintains Watch Negative
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Fitch downgrades Sri Lanka insurers after sovereign rating re-set

Fitch Ratings said it has downgraded seven Sri Lanka insurers after the local currency sovereign rating was lowered to CC from CCC in December 2022.

Sri lankaSri lankanFitch ratingsFitch downgrades seven sri lankan insurer nationalContinental insurance lankaSri lanka insurance corporation limitedSri lankan national ratingInsurance limitedContinental insurance lanka limitedNational insurer financial strengthConstruction guarantee fundPeople insuranceSri lanka insurance corporationNational insurance trust fund boardSri lankan bank ratingsMaintains watch