Fitch Ratings announces changes to Sri Lanka’s national rating scale

Daily Mirror, EconomyNext and Newswire report that Fitch Ratings has recalibrated the scale it uses to rank issuers in Sri Lanka. Daily Mirror and Newswire say the adjustment reflects changes in issuers’ creditworthiness relative to one another.

Newswire reports that Fitch linked the recalibration to its September 22, 2026, decision to raise Sri Lanka’s sovereign Long-Term Local-Currency Issuer Default Rating from CCC+ to B-, with a Stable Outlook. Ada Derana’s headline also connects the scale adjustment with a sovereign upgrade.

EconomyNext and Newswire report that the change could lead to new national ratings for some issuers. Newswire says Fitch intends to publish any resulting rating revisions shortly.

Newswire reports that national scales rank issuers by relative credit risk within a market, helping local investors distinguish among risk levels. It says Sri Lankan national ratings carry the “(lka)” identifier and cannot be compared directly with Fitch’s international ratings or another country’s national scale.

Written automatically by AI from the outlets’ own reports, and not reviewed by an editor. It can be wrong — the original report is the authority.