Sri Lankan bond issues to be given expected rating first: Fitch

Friday, 08 February 2013 - 13:23


Bond issues by Sri Lankan companies will go through a two-step process in the future, where an 'expected' rating will be assigned which will then be finalized after documentation and closure.

Fitch ratings said a rating referred to as 'expected' is issued on the agencies expectations regarding the final documentation.

The rating agency said If such final documentation is received and is as expected, the expected rating will typically be converted to a "final rating",