Economics

Fitch Upgrades Sri Lanka to ‘CCC+’, Reflecting Debt Restructuring Progress and Economic Recovery

Fitch Ratings has upgraded Sri Lanka’s long-term foreign-currency issuer default rating (IDR) to ‘CCC+’, from ‘RD’ (Restricted Default), marking a significant milestone in.

  • December 23, 2024
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Finance

Sri Lanka’s Central Bank Net Foreign Reserves Turn Positive in October 2024

Sri Lanka’s net foreign reserves moved into positive territory in October 2024, with reserves exceeding reserve-related liabilities by approximately 63 million US dollars,.

  • December 4, 2024
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Economics

Sri Lanka Bondholders Agree to 28% Haircut with GDP-Linked Gains

Sri Lanka and its sovereign bondholders have come to an agreement to exchange $14.43 billion in defaulted bonds and overdue interest for new.

  • July 4, 2024
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