Fitch affirmed Sri Lanka’s rating (IDR) at Restricted Default and Long-Term Local-Currency IDR at CCC-. The agency expects Sri Lanka’s economic growth to recover to 3.9% in 2024, with an average of 3.6% over 2025-2026. Fitch also forecasts further easing of monetary policy, following a cumulative 725 bps cut in the standing deposit facility rate since June 2023 by the central bank.