Lankan consumer retail, construction, hotels most affected by Coronavirus – Fitch Ratings

(FASTNEWS | COVID-19) – Fitch-rated Sri Lankan corporates in consumer goods retail, construction and hotels will be among the most affected by the coronavirus pandemic in Sri Lanka, says Fitch Ratings.

Companies in consumer goods retail and construction-related activities also have lower rating headroom than in most other sectors.

The ultimate impact on ratings over the next one to 2-years is highly uncertain and will depend on its eventual spread, the knock-on effects of measures introduced to control it, and how long these effects last.