Moody's considering upgrading Sri Lanka's rating after bond swap offer

From Investing.com: 2024-11-27 14:40:34

Moody’s is considering upgrading Sri Lanka’s Ca long-term foreign currency rating following a bond swap offer by the government as part of a $12.55 billion debt restructuring. The country defaulted on foreign debt for the first time in May 2022 due to a severe crisis with declining reserves. Moody’s assigned a provisional Caa1 credit rating to new U.S. dollar-denominated debt issuances.



Read more at Investing.com: Moody’s places Sri Lanka’s rating under review for upgrade after bond-exchange offer By Reuters