S&P cuts Sri Lanka's credit rating to 'B' from 'B+', maintains stable outlook

(Reuters) - S&P Global Ratings said on Tuesday it lowered Sri Lanka's sovereign credit rating to 'B' from 'B+', but maintained its outlook at 'stable'.

S&P's action follows a downgrade of Sri Lanka by Fitch Ratings earlier in the day, citing refinancing risks and an uncertain policy outlook.

(Reporting by Shubham Kalia in Bengaluru; Editing by Sunil Nair)