Page 3 - Restricted Default News Today

Latest news, analysis and opinions from the Daily FT, Sri Lankas only national business newspaper. ..

Fitch Ratings has upgraded Sri Lanka’s Long-Term Local-Currency Issuer Default Rating (IDR) to ‘CCC-‘ from ‘RD’ (Restricted Default). Fitch typically does not assign Outlooks to sovereigns with a rating of ‘CCC+’ or below. The Long-Term Foreign-Currency IDR has been affirmed at ‘RD’ and the Country Ceiling at ‘B-‘. The Short-Term Local-Currency IDR has been downgraded...

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The economy of Belarus has adjusted to sanctions and the loss of key export markets slightly better than expected. The future, however, is deeply uncertain. 

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The European Parliament recognizes the regime of Belarusian dictator Alexander Lukashenko as an accomplice to the crimes committed by Russia in Ukraine, including the mass abduction of children from occupied parts of Ukraine. The Red Cross recommends that the head of its Belarus branch, Dzmitryi Shautsou, step down until the investigation into his support for Russia’s war ends.

Latest news, analysis and opinions from the Daily FT, Sri Lankas only national business newspaper. ..

Latest news, analysis and opinions from the Daily FT, Sri Lankas only national business newspaper. ..

Fitch Ratings: Reserve dynamics among APAC sovereigns appear to be diverging, with potential implications for their credit profiles, says Fitch Ratings. Some central banks have been able to accumulate reserves on current account improvements or investment inflows, while others still see their currencies under pressure from US Fed tightening prospects. Official reserves among Fitch-rated sovereigns...

Latest news, analysis and opinions from the Daily FT, Sri Lankas only national business newspaper. ..