Fitch downgraded Sri Lanka’s sovereign credit rating to “CCC” on Friday, warning the country’s debt levels were set to soar past 100% of GDP and that it was increasingly at risk of default.
Sri Lanka can build back better from COVID-19 – WB Country Director
The World Bank’s new Country Director for Maldives, Nepal and Sri Lanka, Faris Hadad-Zervos, completed his first visit to Sri Lanka yesterday. The purpose of his visit was to meet key policymakers and …
UPDATE 1-Fitch downgrades Sri Lanka as default fears loom
Ratings agency Fitch downgraded Sri Lanka’s sovereign debt to “CCC” on Friday, warning that the country was at increasing risk of missing debt payments due to the coronavirus pandemic.
Fitch downgrades Sri Lanka as default fears loom
Ratings agency Fitch downgraded Sri Lanka’s sovereign debt to “CCC” on Friday, warning that the country was at increasing risk of missing debt payments due to the coronavirus pandemic.
Sri Lanka Bans Tamil Remembrance Of War Dead
Commemorations for Tamil Tiger rebels killed in Sri Lanka’s decades-long civil war were banned on Friday after court petitions by the government of strongman President Gotabaya Rajapaksa. Sri Lanka’s …
Fitch Ratings downgrades Sri Lanka
Currency Issuer Default Rating (IDR) to ‘CCC’. The downgrade reflects Sri Lanka’s increasingly challenging external-debt repayment position over the medium term. In …
‘MPI provides vital information for Sri Lanka towards development’
Employment, Business Development and Underutilized State Resources Development State Minister Shehan Semasinghe said that it is imperative that the country underpins its policies and interventions …
Cash-strapped Sri Lanka Extends Import Ban Despite EU Protest
Sri Lanka Thursday extended a ban on non-essential imports such as vehicles as it battles a foreign currency crisis, despite EU claims it violates international trade regulations. The ban was …
Sampath Bank improves ranking to 4th place in Business Today Top 30
Sampath BankPLC recently announced that it has improved its position in the Business Today Top 30 for the year 2019-2020, reaffirming its status as one of Sri Lanka’s best performing companies. The …
Finance companies lose COVID-19-driven deposit boom to banks
Despite the massive customer deposit pile-up at banks, thanks to COVID-19 restrictions, Sri Lanka’s licensed finance companies have failed to have a piece of the pie or at least to cling on to their …