Apr 19, 2022

SL further downgraded in credit ratings Featured

reflecting the crisis facing the Sri Lankan economy, another global rating agency has announced its position on the Sri Lankan economy.

Moody's Global Rating Agency has decided to further downgrade Sri Lanka in a credit rating.

Accordingly, Moody’s lowered its score on Sri Lanka to Ca from Caa2.

This decision has been taken taking into consideration the government’s decision is toward a “series of defaults” as it stops paying its foreign debts.

Previously, S&P and Fitch had downgraded Sri Lanka's credit rating.