StanChart says debt restructuring could involve rupee debt

Standard Chartered Global Research (StanChart) said Sri Lanka’s debt restructuring exercise would likely involve both international and domestic debt, but the treatment in relation to the latter may not entail any haircuts given its debilitating effects on the domestic banking industry.

https://www.dailymirror.lk/business/StanChart-says-debt-restructuring-could-involve-rupee-debt/215-252233

Daily Mirror

2023-01-18

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Government introduces new expenditure and relief t...

On 05 December 2024, the government presented supplementary estimates totalling LKR 219.4 billion for the year, which was not included in the original 2024 budget. Supplementary allocations are typically introduced to address unforeseen emer...

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Public debt grew more slowly in the first three qu...

Sri Lanka’s public debt rose at a slower pace in the first three quarters of 2024 compared to the same period in 2023. Whilst domestic debt and foreign increased, the growth was notably lower than in the previous year.

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SL exits ’Restricted Default’ rating

Fitch Ratings upgraded Sri Lanka's Long-Term Foreign-Currency IDR to 'CCC+' from 'RD' and the Local-Currency IDR to 'CCC+' from 'CCC-', citing reduced default risk after completing in...

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