Medium term Sovereign Rating Strategy

The Central Bank of Sri Lanka (CBSL) will take necessary steps to upgrade the country's sovereign rating from the current B+ (stable)/B (positive) to an investment grade of BBB- or higher over the next four years.

A carefully designed, forward looking and effective strategy with the participation of all stakeholders - country authorities, private sector business leaders, chambers and rating advisors, will be implemented. CBSL has appointed a high level Sovereign Rating Committee, which will make regular reviews on the developments of the economy and convey these improvements to the rating agencies through rating advisors to upgrade the country's rating level.