Fitch Ratings – Singapore/Colombo (News 1st); Fitch Ratings has downgraded Bank of Ceylon’s (BOC) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) to ‘CCC’, from ‘B-‘. The ratings do not carry an Outlook because of the potentially high volatility at this rating level, in line with Fitch’s rating definitions. Fitch has also downgraded BOC’s Viability […]
Fitch Downgrades Bank of Ceylon to ‘CCC’ on Sovereign Downgrade