Moody's places Sri Lanka's rating under review for upgrade after bond-exchange offer
SRI
Moody's has placed Sri Lanka's Ca long-term foreign currency rating on review for an upgrade, the credit ratings agency said on Wednesday, following the government's bond-exchange offer that aims to complete the restructuring of international bonds. The bond swap, launched on Tuesday, is an important part of the island nation's ongoing $12.55 billion debt restructuring and its efforts to stabilize the economy. The country had defaulted on its foreign debt for the first time in May 2022, reeling
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