Sri Lanka have started work towards  upgrading  its Sovereign Rating to an investment grade of BBB- or even higher during the next 4 year period.

Authorities say this will be done with the implementation of a carefully designed, forward looking and effective strategy with the participation of all stakeholders of the economy.

Accordingly the Central Bank of Sri Lanka has appointed a high profile team which includes Central Bank officials, Private sector managers and Chamber leaders to work on the strategy.

The 12 member team will regularly review the country’s economic developments and convey the improvements to rating agencies to upgrade the country’s rating level.

Sri Lanka’s current sovereign rating stands at B+ (stable).

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