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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)(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Tue, December 04 2018. 15:09 IST