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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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Energy and Water Supply
Energy and Water Supply
Recent trends and developments in public finance issues relating to energy and water supply.
From The PF Wire
Source:
Ceylon Today
CBSL Governor assures USD 200 Mn a month – Gammanp...
Despite Sri Lanka experiencing a foreign exchange deficit in recent months, Minister of Energy Udaya Gammanpila stated the Governor of the Central Bank has pledged to provide the Ministry of Energy with a total of USD 200 million per month f...
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Source:
Daily Mirror
CPC records whopping Rs.45bn loss for January-Apri...
The Ceylon Petroleum Corporation (CPC) reported a net loss of Rs.45 billion during the first four months through April 2021, and the subject Minister had said the losses mounted to Rs.57 billion by May.
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Source:
Daily Mirror
Central Bank insists on fuel price revision
The Central Bank has insisted that fuel prices should be revised to conform to spikes in the world market, a Minister said today.
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Insight on Energy and Water Supply
Financial Performance of Sri Lanka’s Nat...
The below figure illustrates how Sri Lanka has performed at providin...
A closer look into the Ceylon Electricit...
The electricity sector in Sri Lanka is la...
Prices of Fuel Across Regional Emerging...
The prices of 92 Octane petrol has remain...
The Retail Price of Petrol and Diesel in...
92 Octane petrol
Expenditure on the Energy & Water Supply...
Has the Government Fulfilled its Policy...
The National Policy Framework: Vistas...
Have Governments Fulfilled their Energy...
Have consecut...
Featured
IMF Article IV Report – Key Issues and Recommendat...
Under Article IV of the IMF's Articles of Agreement, IMF holds bilateral discussions with its member countries every year. In 2021 IMF held discussions with Sri Lanka officials and the report was completed on Febru...
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Income Tax Calculator
Try out our new income tax calculator and check out how much taxes you would be paying in different tax structures
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Sri Lanka is Forecasted the Lowest Economic Growth...
According to the world bank global economic prospects report (published in Jan 2023), Sri Lanka is expected to have the lowest economic growth among 148 other nations.
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