Fitch Downgrades Bank of Ceylon to ‘CCC’ on Sovereign Downgrade.
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 Rating to 'ccc' from, 'b-', and has revised the Support Rating Floor to 'No Floor', from 'B-'.
BOC's National Long-Term Ratings were not considered in this review.
Your blog had very good knowledge and that gives huge instructions and that was really commendable ideas you have good knowledge on this topic please share more information with us. Sri Lankan Spices in UK
ReplyDelete