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Sovereign is the overarching constraint on banks ratings: report – The Island

Weak operating environment continues to pressure Sri Lankan Bank ratings and the Sovereign is the overarching constraint on the large banks’ ratings due to the banks’ high Sovereign exposure and Sri Lanka-centric operations, a new report by Fitch says. “Heightened risks from the challenging operating environment stemming from the Sri Lanka sovereign’s (CCC) weak credit […]

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