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S%26P+downgrade+SL%27s+ratings
Wednesday, 29 February 2012 - 16:45
S&P downgrade SL's ratings
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Standard & Poor's Ratings Services has lowered its outlook on Sri Lanka's 'B+' long-term foreign currency sovereign credit rating to stable from positive due to falling foreign reserves and fiscal problems.

The rating agency at the same time downgraded Sri Lanka's long-term local currency rating to 'B+' from 'BB-', while affirming the 'B' short-term local currency rating.

Sri Lanka's B+ foreign currency rating has been confirmed.

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