Wednesday, September 28, 2022
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Standard and Poor’s declares SL bankrupt

Standard and Poor’s (S&D), one of the world’s leading credit rating agencies, has downgraded Sri Lanka’s international sovereign bond rating to grade D.

The country has been downgraded to grade D, the lowest rank issued by the S&D which is equivalent to being bankrupt, due to non-payment of international sovereign bonds.

MIAP

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