Sri Lanka's sovereign rating can be upped on better fiscal, monetary policy: Fitch

Wednesday, 07 August 2013 - 13:28


A senior Fitch Ratings official said Sri Lanka's credit rating can be upgraded if fiscal and monetary policy improves leading to greater stability and steady growth and more foreign direct investment and less debt comes for investment.


Sri Lanka has a 'BB-' speculative rating, three levels below investment grade with a stable outlook.

Andrew Colquhoun, head of Asia Pacific sovereign ratings at Fitch, said Sri Lanka has seen higher levels of economic growth and also investment in recent years than many similarly rated countries.