📈 Fitch Recalibrates Sri Lanka’s National Rating Scale

Fitch Ratings has recalibrated its Sri Lanka National Rating scale to reflect changes in relative creditworthiness among domestic issuers. • Key Highlights: - Trigger Event: Follows Fitch’s sovereign rating upgrade of Sri Lanka’s Long-Term Local-Currency Issuer Default Rating (IDR) to ‘B-’/Stable from ‘CCC+’ on 22 September 2026. - Expected Impact: May lead to rating revisions for select domestic issuers across sectors like banking, financial services, and corporate debt; specific rating actions will be announced shortly. • National Scale Function: - Designated by the unique identifier ‘(lka)’ to measure relative risk specifically within Sri Lanka’s domestic market. - Designed to help local investors evaluate credit risk across key economic sectors. - Not directly comparable with Fitch’s international rating scales or other national rating scales.