The Colombo Stock Exchange (CSE) and the Securities and Exchange Commission of Sri Lanka (SEC) in association with the Stock ...
Sri Lanka’s economic crisis, fuelled by unsustainable debt and a default in 2022, left the country struggling to stabilise its economy.
Sri Lanka started to recover from a currency crisis triggered by rate cuts four years ago and the leaders who carried out the ...
Sri Lanka has been taking an increasingly active role in the global discourse on climate finance for vulnerable economies.
While Sri Lanka welcomed the credit rating upgrades by Fitch Ratings and Moody’s Investors Service, which placed the island nation out of the default status, S&P Global Ratings maintained its ...
Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) have been upgraded to ‘CCC+’ from ‘CCC-’ by Fitch Ratings ...
Sri Lanka's central bank has revalued its government securities portfolio booking a book profit and boosting its net assets ...
The S&P Global Ratings has affirmed its ‘SD/SD’ (Selective Default) long- and short-term foreign currency and ‘CCC+/C’ long- and short-term local currency sovereign credit ratings on Sri Lanka. The ...
Ratings agency Fitch raised Sri Lanka’s long-term foreign-currency default rating on December 20 while the Moody’s Ratings on ...
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 ...
Colombo: With the decision by the Hong Kong based Fitch Ratings to upgrade Sri Lanka's credit rating, the island nation has officially ended its debt default, the Finance Ministry said here on ...
Sri Lanka’s Finance Ministry said on Saturday the island nation has officially ended its debt default. In a statement, Mahinda Siriwardana, a top bureaucrat in the Finance Ministry said ...