Page 7 - Restricted Default News Today

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 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.

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.

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...

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

Fitch Ratings-Hong Kong-02 September 2022: The IMF staff-level agreement with Sri Lanka on a USD2.9 billion programme, confirmed on 1 September, appears to signal a sharp change in policy settings in order to achieve macroeconomic stability, including through large fiscal adjustment, greater exchange-rate flexibility and more central bank autonomy, says Fitch Ratings. This should facilitate...

(Reuters) - Ratings agency Fitch on Wednesday upgraded Ukraine's rating to 'CC' from 'Restricted Default' following the country's restructuring of ext...

WASHINGTON, Aug 18 — Ratings agency Fitch on Wednesday upgraded Ukraine’s rating to ‘CC’ from ‘Restricted Default’ following the country’s restructuring of external...

(Reuters) - Ratings agency Fitch on Wednesday upgraded Ukraine's rating to 'CC' from 'Restricted Default' following the country's restructuring of ext...

The successful formation of a government under the new president, Ranil Wickremesinghe, is an important precondition for resolving Sri Lanka’s debt default, but many challenges remain as the country seeks financing support from the IMF and debt restructuring from private and official bilateral credi