SriLanka, Sept. 23 -- Marking a significant turning point for the Sri Lankan economy, an international credit rating agency Fitch Ratings upgraded Sri Lanka's credit rating to 'B-' yesterday (22).

Sri Lanka's transition from 'RD' (Restricted Default) status, held for nearly two years to 'B-' marks a pivotal moment in the country's economic history. Economic analysts describe this as a major achievement in the nation's journey to emerge from bankruptcy and move towards sustainable development.

According to the latest ratings, the short-term foreign currency rating has been upgraded to 'B', the long-term local currency rating to 'B-', and the short-term local currency rating to 'B'. Furthermore, the economic outlook has been designated as...