ECONOMYNEXT – Sri Lanka has to avoid ‘stop-go’ (boom-bust) cycles involving unsustainable monetary and fiscal stimulus that lead to crises, Treasury Secretary Mahinda Siriwardana has said after Fitch upgraded Sri Lanka from default status. Sri Lanka completed a restructuring of…
ECONOMYNEXT – Sri Lanka has to avoid ‘stop-go’ (boom-bust) cycles involving unsustainable monetary and fiscal stimulus that lead to crises, Treasury Secretary Mahinda Siriwardana has said after Fitch upgraded Sri Lanka from default status. Sri Lanka completed a restructuring of…
Posted by Editor on December 21, 2024 – 6:00 pm (Photo by Christoph Theisinger on Unsplash) Sri Lanka officially exited sovereign default on December 20, 2024, signaling a significant turning point in its economic recovery. Treasury Secretary Mahinda Siriwardena announced…
<!– –> Posted by Editor on December 21, 2024 – 11:55 am Three people have died, and at least 46 others were injured in an accident that occurred this morning (December 21) when a bus veered off the Hatton-Kandy main…
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 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…
