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Moody's places Sri Lanka's rating under review for upgrade after bond-exchange offer

Channel News Asia LogoChannel News Asia6h ago

Moody's places Sri Lanka's rating under review for upgrade after bond-exchange offer - Channel News Asia

Quick Summary:

Moody's has placed Sri Lanka's Ca long-term foreign currency rating on review for an upgrade, the credit ratings agency said on Wednesday, following the government's bond-exchange offer that aims to complete the restructuring of international bonds.

FILE PHOTO: A general view of city's skyline, amid the country's economic crisis in Colombo, Sri Lanka, April 19, 2022.

The bond swap, launched on Tuesday, is an important part of the island nation's ongoing $12.55 billion debt restructuring and its efforts to stabilize the economy.


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Moody's places Sri Lanka's rating under review for upgrade after bond-exchange offer - Channel News Asia (Picture 1)Moody's places Sri Lanka's rating under review for upgrade after bond-exchange offer - Channel News Asia (Picture 2)

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Article Details

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-28 @ 01:45:23 (6 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 197 words

Reading Time: 2 minutes read

Sentences: 8 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 23908745

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About Channel News Asia

Channel News Asia Logo

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 33 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 37 minutes ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #27

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  • News ID: #23908745
  • URL: https://beamstart.com/news/moodys-places-sri-lankas-rating-17327332795053

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