Sovereign Analysis /
Sri Lanka

Sri Lanka: Debt sustainability analysis affirms recovery values

  • On 20 March the IMF Board approved a new US$3bn, 48-month EFF for Sri Lanka and published the accompanying DSA

  • There is a lot of ambiguity in the DSA and it is not the end of the road, but we update our recovery value assumptions

  • Recovery values of US$34-50 at 12-16% exit yields – with midpoint in the low US$40s – imply marginal upside; retain Buy

Sri Lanka: Debt sustainability analysis affirms recovery values
Patrick Curran
Tellimer Research
22 March 2023
Published byTellimer Research

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