| Rating Agency | Rating | Outlook | Last Update | Action |
|---|---|---|---|---|
| Standard & Poor's | SD | - | 25 Apr 2022 | rating downgrade |
| Moody's Investors Service | Ca | - | 19 Apr 2022 | rating downgrade |
| Fitch Ratings | RD | - | 20 May 2022 | rating downgrade |
| DBRS | - | - |
Current Sri Lanka credit ratings, according to the main rating agencies, provide a snapshot of the country’s creditworthiness and financial stability. These ratings are critical for understanding how international and domestic investors perceive Sri Lanka ability to honor its financial commitments.
The ratings are determined by comprehensive evaluations conducted by major credit rating agencies such as Standard & Poor's (S&P), Moody's, and Fitch Ratings. Each of these agencies uses a distinct rating scale and methodology to assess the economic and financial health of Sri Lanka, taking into account various factors such as economic performance, fiscal policies, political stability, and debt levels.
Discover what a Credit Rating is and why it matters.
Sri Lanka: Long-term Rating Scales Comparison
Sri Lanka long-term credit ratings, as assigned by major rating agencies, offer a comparative insight into the country's creditworthiness over an extended period. Each rating agency uses its own scale to evaluate the credit risk associated with Sri Lanka sovereign debt. These scales help investors understand the likelihood that Sri Lanka will meet its financial obligations.
Symbol means a negative outlook.
| Grade | Description | S&P | Moody's | Fitch | DBRS |
|---|---|---|---|---|---|
|
Investment Grade |
Prime |
AAA
|
Aaa
|
AAA
|
AAA
|
| High Medium Grade |
AA+
|
Aa1
|
AA+
|
AA(high)
|
|
|
AA
|
Aa2
|
AA
|
AA
|
||
|
AA-
|
Aa3
|
AA-
|
AA(low)
|
||
| Upper Medium Grade |
A+
|
A1
|
A+
|
A(high)
|
|
|
A
|
A2
|
A
|
A
|
||
|
A-
|
A3
|
A-
|
A(low)
|
||
| Lower Medium Grade |
BBB+
|
Baa1
|
BBB+
|
BBB(high)
|
|
|
BBB
|
Baa2
|
BBB
|
BBB
|
||
|
BBB-
|
Baa3
|
BBB-
|
BBB(low)
|
||
|
Speculative Grade |
Speculative |
BB+
|
Ba1
|
BB+
|
BB(high)
|
|
BB
|
Ba2
|
BB
|
BB
|
||
|
BB-
|
Ba3
|
BB-
|
BB(low)
|
||
| Highly Speculative |
B+
|
B1
|
B+
|
B(high)
|
|
|
B
|
B2
|
B
|
B
|
||
|
B-
|
B3
|
B-
|
B(low)
|
||
| Substantial Risk |
CCC+
|
Caa1
|
CCC+
|
CCC(high)
|
|
|
CCC
|
Caa2
|
CCC
|
CCC
|
||
|
CCC-
|
Caa3
|
CCC-
|
CCC(low)
|
||
| Extremely Speculative |
CC
|
Ca
|
CC
|
CC
|
|
|
C
|
C
|
C
|
C
|
||
| In Default |
RD
|
/
|
RD
|
RD
|
|
|
SD
|
/
|
SD
|
SD
|
||
|
D•NR
|
D•NR
|
D•NR
|
D•NR
|
||
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Sri Lanka Credit Ratings historical data
Symbol means a positive outlook assigned by the rating agency.
Symbol means a negative outlook.
| Date | S&P | Moody's | Fitch | DBRS |
|---|---|---|---|---|
| 20 May 2022 | RD | |||
| 25 Apr 2022 | SD | |||
| 19 Apr 2022 | Ca | |||
| 14 Apr 2022 | CC | C | ||
| 13 Jan 2022 | CCC | |||
| 19 Dec 2021 | CC | |||
| 28 Oct 2021 | Caa2 | |||
| 30 Aug 2021 | CCC+ | |||
| 11 Dec 2020 | CCC+ | |||
| 28 Nov 2020 | CCC | |||
| 29 Sep 2020 | Caa1 | |||
| 21 May 2020 | B- | |||
| 24 Apr 2020 | B- | |||
| 14 Jan 2020 | B | |||
| 18 Dec 2019 | B | |||
| 5 Dec 2018 | B | |||
| 4 Dec 2018 | B | |||
| 21 Nov 2018 | B2 | |||
| 20 Nov 2017 | B+ | |||
| 9 Feb 2017 | B+ | |||
| 20 Jun 2016 | B1 | |||
| 10 Mar 2016 | B+ | |||
| 29 Feb 2016 | B+ | |||
| 2 Jul 2013 | B1 | |||
| 29 Feb 2012 | B+ | |||
| 19 Jul 2011 | B+ | |||
| 18 Jul 2011 | B1 | BB- | ||
| 22 Sep 2010 | B1 | |||
| 21 Sep 2010 | B+ | |||
| 14 Sep 2010 | B+ | |||
| 15 Oct 2009 | B | |||
| 9 Oct 2009 | B+ | |||
| 25 Aug 2009 | B | |||
| 21 May 2009 | B | |||
| 27 Feb 2009 | B+ | |||
| 15 Dec 2008 | B | |||
| 2 Apr 2008 | B+ | |||
| 15 Feb 2008 | B+ | |||
| 8 Aug 2007 | B+ | |||
| 27 Apr 2006 | BB- | |||
| 26 Apr 2006 | B+ | |||
| 8 Dec 2005 | B+ | BB- |
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