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Sri Lanka state-owned fund to take most of riot losses: Fitch

SRI LANKA-COLOMBO-SECURITY

Sri Lanka’s state-owned National Insurance Trust Fund’s (NITF) strike, riot, civil commotion and terrorism (SRCCT) fund will bear the brunt of losses stemming from recent riots in the country, with gross losses likely to exceed LKR1bn ($2.8mn), according to Fitch Ratings.

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