BUSINESS

Fitch downgrades Sri Lanka to ‘restrictive default’

BUSINESS CN -
COLOMBO: New York-based ratings agency has downgraded debt-ridden Sri Lanka's sovereign rating to “restricted default” after the country defaulted on making international sovereign bond...

Japan Provides US$ 1.5 Million Emergency Aid to Sri Lanka

BUSINESS CN -
The new Sri Lanka administration led by PrimeMinister Ranil Wickremasinghe with 44 years experience in local politics and close relations with friendly countries is...

G7 supports debt relief efforts for Sri Lanka

BUSINESS CN -
The Group of Seven economic powers support efforts to provide debt relief for Sri Lanka, G7 finance chiefs said on Thursday in a draft...

India permits SL to settle US $1 bn credit facility in Indian rupees.

BUSINESS CN -
The Reserve Bank of India said that India’s trade transactions with Sri Lanka, falling under a recent credit facility agreement with Sri Lanka, may be...

Sri Lanka defaults ISB coupon payment for the first time in its history

BUSINESS CN -
Sri Lanka has committed default for the first time in its history as the government struggles to halt an economic meltdown that triggered mass...
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