Sri Lanka Credit Rating

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.

The table below shows the current Sri Lanka credit ratings, according to the main rating agencies.

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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 - -

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 positive outlook assigned by the rating agency.
Symbol means a negative outlook.
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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

Not enough data.

Timetable of Sri Lanka credit ratings by S&P, Moody's, Fitch and DBRS agencies.
Symbol means a positive outlook assigned by the rating agency.
Symbol means a negative outlook.
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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-