Fitch downgrades SriLankan s govt-guaranteed USD 175 Mn bonds to C

INSUBCONTINENT EXCLUSIVE:
level as its parent, the state of Sri Lanka, due to the unconditional and irrevocable guarantee provided by the state.SriLankan Airlines
largely operates as a regional airline with a few long-haul flights
As of December 2021, the company has a fleet consisting of wide- and narrow-bodied aircraft in the Airbus A330 and A320 family
respectively.In 2019, SriLankan Airlines issued a USD 175 million bond to roll over a similar-sized issue that matured in June 2019.The
sovereign rating.-Agencies
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