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

Prophet Jerome Collecting Dozens from the Catholic Church

By Adolf The Catholic Church in Sri Lanka is witnessing...

 Taxi Mafia threatens Sri Lanka tourism amidst shaky law enforcement

Sri Lanka’s fragile tourism revival is facing an uncomfortable...

Shadow Imports Reshape Sri Lanka’s Software and Hardware Markets

 Sri Lanka’s software and computer hardware market is facing...

CycloneShock Halves Sri Lanka Vehicle Sales, Economic Ripples Ahead

Sri Lanka’s once-recovering vehicle market has suffered a sharp...