Might Kenya go the Ghana way?
Ghana's government suspended payments on external debts, including syndicated loans and Eurobonds.
Source: nation.africa
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Oi Brasil ends recovery process – but still has a long way to go
The judicial process involving the recovery plan of Brazilian service provider Oi seems to be over – after more than six years of negotiations with creditors.
Rio De Janeiro Estado Do Rio Telegeography Commsupdate Fernando Viana Rio De Janeiro Court Business Court
Source: developingtelecoms.com
Carvana stock collapses amid bankruptcy fears after creditor pact and another $1 price target
Carvana shares spiraled Wednesday after the online car retailer’s biggest creditors reportedly signed an agreement to cooperate in potential restructuring negotiations as the company faces growing bankruptcy risk.
Source: aol.com
Sri Lanka rupee debt rating downgraded to 'CC' by Fitch on debt restructure risks
Fitch Ratings has downgraded Sri Lankas local currency rating to CC from CCC citing probable restructure of domestic debt.
Source: economynext.com
Pakistan must seek rescheduling of bilateral debt: Report
KARACHI: Pakistan should go for rescheduling its bilateral debt as soon as possible because debt repayment obligations have gone very high and difficult to manage at current low level of foreign...
France General Saad Hashemy Umair Naseer International Monetary Fund Moody Investors Service Debt Rescheduling Base Case
Source: thenews.com.pk
Fitch Downgrades Sri Lanka's Long-Term Local-Currency IDR to 'CC' – The Island
FitchRatings has downgraded Sri Lanka’s Long-Term Local-Currency Issuer Default Rating (IDR) to ‘CC’, from ‘CCC’, and has affirmed the Long-Term Foreign-Currency IDR at ‘RD’ (Restricted Default). Fitch typically does not assign Outlooks to ratings of ‘CCC+’ or below. Fitch has also removed the Long-Term Local-Currency IDR from Under Criteria Observation, on which it was placed […]
Sri Lanka Sri Lankan Fund Facility Central Bank Long Term Local Currency Issuer Default Rating Long Term Foreign Currency
Source: island.lk
Sri Lanka regulator disputes CEB costs, demand projections for 2023
Sri Lankas Public Utilities Commission has disputed forward looking tariff hike for state-run Ceylon Electricity Board in 2023 saying fuel sold by a petroleum monopoly as well as demand projections are too high.
Source: economynext.com
Sri Lanka's political parties more interested in capturing power: Victor Ivan
Rather than working to resolve Sri Lanka’s ongoing crisis, political parties are preoccupied with turning the situation into an opportunity to grab power, veteran journalist Victor Ivan said.
Source: economynext.com
Fitch Downgrades Sri Lanka's Long-Term Local-Currency IDR to 'CC'; Affirms 'RD' Foreign-Currency IDR - Adaderana Biz English
Fitch Ratings – Hong Kong – 01 Dec 2022: Fitch Ratings has downgraded Sri Lanka’s Long-Term Local-Currency Issuer Default Rating (IDR) to ‘CC’, from ‘CCC’, and has affirmed the Long-Term Foreign-Currency IDR at ‘RD’ (Restricted Default). Fitch typically does not assign Outlooks to ratings of ‘CCC+’ or below. Fitch has also removed the Long-Term Local-Currency...
Source: bizenglish.adaderana.lk
Fitch downgrades Sri Lanka's Long-Term Local-Currency IDR to CC; affirms RD Foreign-Currency IDR
FitchRatings has downgraded Sri Lanka's Long-Term Local-Currency Issuer Default Rating (IDR) to 'CC', from 'CCC', and has affirmed the Long-Term Foreign-Currency IDR at 'RD' (Restricted Default). Fitch typically does not assign Outlooks to ratings of 'CCC+' or below. Fitch has also removed the Lo
Sri Lanka Sri Lankan World Bank Governance Indicators Fund Facility Central Bank Long Term Local Currency Issuer Default Rating
Source: lankabusinessonline.com