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Sri Lanka’s Fitch Credit Rating has been downgraded 7 times during the last 7-years (May 2015 – May 2022)
Sri Lanka’s credit rating has been downgraded 7 times over the course of 7 years. 5 of those downgrades occurred since April 2020. In contrast, its regional peers have maintained their credit ratings. The recent downgrade to RD (Restricted Default) on the 19th of May 2022 was immediately after the lapse of a one month grace period for an ISB coupon payment that was not paid on the 18th of April.
Featured Insight
Sri Lanka’s Fitch Credit Rating has been downgraded 7 times during the last 7-years (May 2015 – May 2022)
Sri Lanka’s credit rating has been downgraded 7 times over the course of 7 years. 5 of those downgrades occurred since April 2020. In contrast, its regional peers have maintained their credit ratings. The recent downgrade to RD (Restricted Default) on the 19th of May 2022 was immediately after the lapse of a one month grace period for an ISB coupon payment that was not paid on the 18th of April.
Featured Insight
Sri Lanka’s Fitch Credit Rating has been downgraded 7 times during the last 7-years (May 2015 – May 2022)
Sri Lanka’s credit rating has been downgraded 7 times over the course of 7 years. 5 of those downgrades occurred since April 2020. In contrast, its regional peers have maintained their credit ratings. The recent downgrade to RD (Restricted Default) on the 19th of May 2022 was immediately after the lapse of a one month grace period for an ISB coupon payment that was not paid on the 18th of April.
Featured Insight
Sri Lanka’s Fitch Credit Rating has been downgraded 7 times during the last 7-years (May 2015 – May 2022)
Sri Lanka’s credit rating has been downgraded 7 times over the course of 7 years. 5 of those downgrades occurred since April 2020. In contrast, its regional peers have maintained their credit ratings. The recent downgrade to RD (Restricted Default) on the 19th of May 2022 was immediately after the lapse of a one month grace period for an ISB coupon payment that was not paid on the 18th of April.
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தலைப்பு: வரிச் சலுகைகள் 2022/23 நிதியாண்டில் LKR 978 பில்லியன் வருவாயை இழக்க வழிவகுக்கும் 2022/23 நிதியாண்டில் (ஏப்ரல் முதல் மார்ச் வரை), வரிச்சலுகைகள் மொத்தமாக 9...
பி.எஃப். வயரில் இணைப்பிலிருந்து
Source:
Daily Mirror
Apparel sector revenue totals US$ 1.17 bn in 1Q24
Sri Lanka’s apparel industry saw its revenue cross the US$ 1 billion mark in the first quarter (1Q24) with exports expanding by 7.7 percent in March. Sri Lanka’s apparel s...
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Source:
Economy Next
Sri Lanka services exports rise in September
Sri Lanka's services exports surged by 55.6% to $2.3 billion, driven by ICT/BPO, construction, financial services, transport, and logistics. The country's total goods and service exports for the first nine months of 2023 amounted to...
மேலும் வாசிக்க
Source:
EconomyNext
Sri Lanka President knew revenues will be lost, VA...
Sri Lanka’s President Gotabaya Rajapaksa knew revenue will be lost by tax cuts but he considered it an investment, and an 8 percent tax rate slashed from 15 percent, will remain unchanged for 5 -years, a top official said.
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நுண்ணறிவு வருமானம்
Tobacco Policy: Mitigating the Influence...
Sri Lanka ratified the World Health Organ...
The Hidden Side of Cigarette Pricing
The media in Sri Lanka has often misrepre...
Who is responsible for Alternative facts...
The term ‘Alternative Facts’...
Fixing Sri Lanka's Revenue Problem is a...
Taxes are the key source of government revenue. Normally, the tax shar...
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விவரணம்
Sri Lanka failed 2 IMF commitments & met 25 by en...
An IMF Programme usually has four main types of commitments: a) Prior Actions - These are steps a country agrees to take before the IMF approves financing or completes...
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The EPF is the Single Largest Holder of Government...
On June 28, 2023, the Sri Lankan government unveiled its Domestic Debt Restructuring plan. A key component of this plan is the restructuring of bond holdings associated with superannuation funds, which are funds set up for retirement benefit...
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Highlights from the Appropriation Bill for 2024
The Appropriation Bill for 2024 was presented to Parliament on the 5th of October, ahead of the budget speech in November.The Appropriation Bill shows that there is a 12% increase in expenditure planned for 2024. Interest pay...
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