nsb

Jan 27, 2017

Fitch Affirms SriLankan Airlines Govt Guaranteed Bonds at 'B+'

Fitch Ratings has affirmed SriLankan Airlines Limited's (SLA) US dollar-denominated government guaranteed bonds at 'B+'.

The airline's bonds are rated at the same level as SLA's parent, the government of Sri Lanka(GoSL; B+/Negative) due to the unconditional and irrevocable guarantee provided by the government. Government held 99.5% of SLA as at end-2016 through direct and indirect holdings.

Fitch has rated SLA's US dollar-denominated bonds at the same level as the sovereign due to the unconditional and irrevocable guarantee provided by the government. The rating is not derived from its issuer's standalone credit profile and thus is not comparable to its industry peers.

Leave a comment

Make sure you enter all the required information, indicated by an asterisk (*). HTML code is not allowed.

Top