Fitch Ratings Affirms ‘C’ Rating for SriLankan Airlines’ Government-Guaranteed Bonds

Date:

May 10, Colombo (LNW): Fitch Ratings has maintained its ‘C’ rating on SriLankan Airlines Limited’s (SLA) USD 175 million government-guaranteed 7% unsecured bonds scheduled to mature on June 25, 2024.

The rating is underpinned by the unconditional and irrevocable guarantee provided by the government of Sri Lanka, whose Long-Term Foreign-Currency Issuer Default Rating stands at ‘RD’.

Share post:

spot_imgspot_img

Popular

More like this
Related

Aid Promised, Relief Delayed: MSMEs Wait for Government Action

Sri Lanka’s Micro, Small and Medium Enterprises (MSMEs), already...

Fuel, Power, and Influence: China’s Billion-Dollar Bet on Hambantota

Sri Lanka is moving closer to a decision that...

India’s Rail Support Revives Northern Sri Lanka Connectivity

India has once again underlined its role as a...

Tax Break on Used Cars Drains Revenue, Distorts Market

Sri Lanka’s longest-standing automotive industry association has intensified calls...