Fitch says it anticipates a decline in govt debt by end of 2023 3news.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from 3news.com Daily Mail and Mail on Sunday newspapers.
Fitch Ratings has upgraded Sri Lanka’s Long-Term Local-Currency Issuer Default Rating (IDR) to ‘CCC-‘ from ‘RD’ (Restricted Default). Fitch typically does not assign Outlooks to sovereigns with a rating of ‘CCC+’ or below. The Long-Term Foreign-Currency IDR has been affirmed at ‘RD’ and the Country Ceiling at ‘B-‘. The Short-Term Local-Currency IDR has been downgraded.
CareEdge s sovereign ratings will broadly follow the methodology of the global agencies, but will look to capture the nuances of emerging economies, such as the size of an economy, investment-to-GDP ratio, and per capita income in Purchasing Power Parity terms
Bangladesh has been downgraded by the Big Three rating companies (S&P Global Rating, Moody’s Investors Service and now Fitch) – making it imperative for government officials and policymakers to take action for redress