COLOMBO (News 1st); Fitch Ratings believes Sri Lanka’s largest banks are the most susceptible to heightened sovereign risk due to their greater exposure to foreign-currency-denominated government securities and, in some cases, weak capital positions. This exposure for Fitchrated banks stood at around 6.4% of total assets and 78% of total equity at end-2020. For every […]
Fitch Ratings raises RED FLAG over Sri Lankan Banks’ Exposure to Sovereign Risk