Sri Lanka credit rating cut by Moody’s as looming default to bring losses

[ad_1]

The island nation was minimize to Ca from Caa2 by Moody’s on Monday, following comparable downgrades by SP International Rankings and Fitch Rankings. An curiosity fee due Monday is the primary since Sri Lanka’s authorities introduced final week it could halt overseas debt service to protect money for meals and gas imports.

[ad_2]

Source link

ADVERTISEMENT