Sri Lanka post-default rating linked to IMF debt reduction path: Fitch

Sri Lanka’s post default ratings would depend on the speed at which the debt is reduced under an International Monetary Fund program, while a ‘restricted default’ label would be taken off after commercial debt is re-structured, Fitch, a rating agency said.

https://economynext.com/sri-lanka-post-default-rating-linked-to-imf-debt-reduction-path-fitch-114994/

EconomyNext

2023-03-13

Related News and Insights

Sri Lanka annual GDP growth projected to be around...

Sri Lanka's 2024 economic outlook shows 4.5%-5% GDP growth, rising inflation, stabilized interest rates boosting private sector credit, and strengthened external resilience through tourism earnings, remittances, and...

Find Out More

Collective effort key to success of debt restructu...

IMF Chief Kristalina Georgieva stresses international support, debt restructuring, and reform commitments as vital for Sri Lanka's economic recovery and growth.

Find Out More

Cabinet approves international sovereign bond rest...

Sri Lanka’s Cabinet approved the restructuring of $14.2 billion in international sovereign bonds by swapping existing bonds for new ones, aligned with the IMF's debt sustainability analysis, following agreemen...

Find Out More

View All