Srilanka, Nov. 4 -- Fitch Ratings has revised Sri Lanka Telecom PLC's (SLT) National Long-Term Rating to 'AA+(lka)' from 'AA-(lka)' following the recalibration of the Sri Lankan National Rating scale. The Outlook is Stable.
The recalibration reflects changes in the relative creditworthiness among Sri Lankan issuers following Fitch's upgrade of Sri Lanka's sovereign Long-Term Local-Currency Issuer Default Rating on 22 September 2026. We expect ratings of all other Fitch-rated corporate issuers to remain unchanged on account of the recalibration; any rating changes for other issuers reflect the performance of respective entities.
We also resolved the Rating Watch Positive on our earlier ratings following the decision of the state not to pro...