Colombo (News 1st); Rating agency S&P slashed Sri Lanka’s credit rating to “CCC+/C” on Friday (11), citing concerns that risks to the island nation’s debt-servicing capacity have risen as the COVID-19 pandemic squeezes the government’s ability to generate earnings. S&P’s downgrade from “B-” follows similar moves by Fitch and Moody’s in recent months and underlines the […]
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