Fitch downgrades Sri Lanka’s rating

COLOMBO, Sri Lanka (AP) — Fitch Ratings has downgraded Sri Lanka’s long-term foreign-currency issuer default rating, citing political upheaval that has resulted in the country having no functional government.
Fitch says it lowered the country’s rating to B from B plus with a stable outlook, reflecting heightened external financing risks, uncertain policy outlook and a slowdown in fiscal consolidation.
Sri Lanka is now without a government after a court ordered disputed Prime Mi