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Nightmare Scenario: A Default on Sovereign Debt

A Pathfinder Perspective On December 17, 2021, Fitch downgraded Sri Lankaโ€™s rating to “CC”, the lowest rating prior to default. With external reserves at around $1.6 billion and almost $1 billion in debt-service payments coming due in January 2022 (and $7 billion during the coming year), the country faces a very real possibility of a […]
Sri Lanka Israel General Ha Afon King Herod Angel Gabriel Jesus Luke
Source: island.lk

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