Colombo (News 1st); Fitch Ratings has downgraded Sri Lanka Insurance Corporation Limited’s (SLIC) Insurer Financial Strength (IFS) Rating to ‘CCC+’ from ‘B’. Fitch typically does not apply Outlooks to ratings in the ‘CCC’ category or below. SLIC’s National IFS Rating was not covered in this review. KEY RATING DRIVERS The rating action follows the downgrade of […]
Fitch Downgrades Sri Lanka Insurance’s IFS to ‘CCC+’ on Sovereign Downgrade
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