Sovereign Analysis /
Sri Lanka

Sri Lanka: Debt reclassification causes confusion

  • Reclassification of certain debt more likely just an accounting exercise than prelude to restructuring

  • Accounting treatment understates true indebtedness and fiscal slippage worse than expected in 2019 and 2020

  • BOP and fiscal forecasts likely to prove overly optimistic; retain Hold recommendation after recent rally

Sri Lanka: Debt reclassification causes confusion
Patrick Curran
Tellimer Research
12 May 2021
Published byTellimer Research

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