Last Updated : 30/08/2015 - 08:36 PM
Sri Lanka macro-prudential indicator may be upgraded: Fitch official
Wednesday, 25 June 2014 - 12:29 | DOWNLOAD HIRUNEWS APP ON ANDROID & APPLE


A top Fitch Ratings official said that a Macro Prudential Indicator for Sri Lanka which was downgraded to '3', may be lifted in the future as risks recede, amid slower credit growth.

Head of Asia Pacific Financial Institutions at Fitch Ratings said that with weaker credit growth there was room for an improvement in the indicator.

Fitch put Sri Lanka's financial system on category '3' when credit growth was high and there was a stock market bubble, amid fears of a spill-over over to property.