Fitch downgrades Sri Lanka sovereign rating to CC

Fitch has downgraded Sri Lanka to ‘CC’ from ‘CCC’ saying there was an increased probability of default as liquidity injections made to sterilize interventions and enforce a 6.0 percent policy rate continue to drain reserves and create forex shortages.

https://economynext.com/fitch-downgrades-sri-lanka-sovereign-rating-to-cc-88922/

economynext

2021-12-18

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