Financial district of Colombo is seen as a man runs along a path in front of the China invested Colombo Port City construction site in Colombo, Sri Lanka November 22, 2017. REUTERS/Dinuka Liyanawatte
December 4, 2018
(Reuters) – S&P Global Ratings said on Tuesday it lowered Sri Lanka’s sovereign credit rating to ‘B’ from ‘B+’, but maintained its outlook at ‘stable’.
S&P’s action follows a downgrade of Sri Lanka by Fitch Ratings earlier in the day, citing refinancing risks and an uncertain policy outlook.
(Reporting by Shubham Kalia in Bengaluru; Editing by Sunil Nair)
