Macro Analysis /
Sri Lanka

Sri Lanka: Moody’s downgrades SL sovereign rating to Caa2, outlook ‘Stable’.

  • Moody’s downgrades SL sovereign rating to Caa2; refinancing pressure and low reserves key factors

  • Funding lines outlined by the CB materializing a crucial factor at this point

  • ISB yield curve likely to face pressure following downgrade

Lakshini Fernando
Asia Securities
29 October 2021
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