Sri Lanka’s Fitch Credit Ratings have been downgraded five times in the last six years, Publicfinance.lk reveals.
Accordingly, Sri Lanka, which was at B in December 2018, has been downgraded to CC rating by December 2021.
However, Bangladesh has managed to maintain the credit level of BB- while Philippines has been upgraded to BBB from BBB-.
Malaysia has been downgraded once throughout the same period of time, from A- to BBB+.