<!– Sri Lanka exits ‘Restricted Default’ rating and earns ‘CCC+’ from Fitch Ratings – Sri Lanka Home » Sri Lanka exits ‘Restricted Default’ rating and earns ‘CCC+’ from Fitch Ratings
Fitch Ratings has upgraded Sri Lanka’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘CCC+’, from ‘RD’ (Restricted Default). Fitch typically does not assign an Outlook to sovereigns with a rating of ‘CCC+’ or below. Fitch has also upgraded the Local-Currency…
ECONOMYNEXT- Fitch Ratings said it was upgrading Sri Lanka’s foreign currency rating out of restricted default (RD) status, to CCC+ after 98 percent of bondholders accepted an offer to restructure defaulted bonds with new securities issued on December 20. “The…
ECONOMYNEXT – Sri Lanka will not allow any Indian projects that will be harmful either to the island nation’s economy or the country, Foreign Minister Vijitha Herath said. Explaining President Anura Kumara Dissanayake this week’s Indian visit, he said only…
ECONOMYNEXT- Fitch Ratings said it was upgrading Sri Lanka’s foreign currency rating out of restricted default (RD) status, to CCC+ after 98 percent of bondholders accepted an offer to restructure defaulted bonds with new securities issued on December 20. “The…
Sri Lanka is set to establish a Doppler weather radar in Puttalam, thanks to funding from the Japan International Cooperation Agency (JICA). This initiative is part of a broader effort to improve the country’s weather prediction and disaster preparedness. The…
The Colombo Stock Exchange (CSE) announces the following changes to the S&P Sri Lanka 20 index constituents as part of the 2024 Year-End Rebalance, conducted by S&P Dow Jones Indices. The exclusions and inclusions, as announced by S&P Dow Jones…
ECONOMYNEXT – The Colombo Stock Exchange closed up on Friday, data on its site showed. The broader ASPI closed up 1.07 percent, or 156.44 points, at 14,810; while the more liquid S&P SL20 Index closed up 0.70 percent, or 30.67…
HEL Partner Forum: Empowering Smarter Energy Solutions for a Sustainable Future HEL Partner Forum in Kandy Hayleys Electronics Limited (HEL), a trailblazer in sustainable energy solutions, hosted an impactful Partner Forum in Kandy, uniting over 40 local businesses and key…
Dr Rasika Aponsu Receives Recognition for His Achievements in the Digital Technology Landscape Dr Rasika Aponsu, recently received recognition for his contributions towards the development of the global digital landscape. At the recently concluded Lanka Achievers Awards Ceremony, hosted by…
