S&P downgrades Sri Lanka on debt servicing risks

LONDON/BENGALURU Dec 11 (Reuters) – Rating agency S&P slashed Sri Lanka’s credit rating to “CCC+/C” on Friday, 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 … Continue reading S&P downgrades Sri Lanka on debt servicing risks