ECONOMYNEXT – Fitch Ratings has withdrawn Sri Lanka power utility Ceylon Electricity Board’s A(lka) National Long-Term Rating, which was on a Stable Outlook, as the CEB no longer exists following its dissolution in March 2026. The global ratings agency said it will no longer provide ratings or analytical coverage for CEB, which has been replaced with 6 state-owned companies to take over electricity generation, transmission, distribution, and system operations. “CEB’s rating was equalised with that of its parent, the Sri Lankan sovereign (Long-Term Local-Currency Issuer Default Rating (IDR): CCC+; Long-Term Foreign-Currency IDR: CCC+), in line with Fitch’s Government-Related Entities Rating Criteria.” Before it was dissolved, state-owned CEB was the sole electricity transmitter and distributor in Sri Lanka, accounting for over 70 percent of domestic electricity generation capacity through its network of hydro and thermal power plants, Fitch pointed out. (Colombo/Apr21/2026)