Fitch raises Sri Lanka rating after creditor nod to $12.55 billion debt overhaul
Ucraina
Credit ratings agency Fitch on Friday upgraded Sri Lanka's long-term foreign-currency default rating to 'CCC+' from 'restricted default' (RD) following approval by creditors of the country's $12.55 billion debt overhaul earlier this week. The island nation's bondholders overwhelmingly signed off on the government's proposal to restructure international bonds, a much-needed step in its path to steadily recover from its worst financial crisis in decades. "Sri Lanka has normalised relations with a
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