Days after Sri Lanka completed debt restructuring of its dollar bonds, Moody's ratings raised the nation's credit rating. The change in ratings suggest the chance of Sri Lanka defaulting on its debt has fallen.

Sri Lanka's Successful Debt Swap Reduces the Risk of Default

Fitch upgraded Sri Lanka's long-term credit default rating to CCC+ from CCC- on Friday as it said that "the risk of another default on local currency debt has been reduced by the completion of the international sovereign bond restructuring and an improved outlook for macroeconomic indicators."



Sri Lanka claims it has ended debt default, says crisis was 'man-made'

Sri Lanka's economic outlook has improved significantly...With fitch ratings upgrading the country's credit rating from "Restricted default" to 'ccc+'. This marks a turning point for the Island nation, signaling a reduction in default risks and renewed confidence in its economic recovery.

Sri Lanka's Economic Recovery Gains Momentum

Sri Lanka's economic outlook has improved significantly...With fitch ratings upgrading the country's credit rating from "Restricted default" to 'ccc+'.



This marks a turning point for the Island nation, signaling a reduction in default risks and renewed confidence in its economic recovery.

With the decision by the Hong Kong-based Fitch Ratings to upgrade Sri Lanka's credit rating, the island nation has officially ended its debt default, the Finance Ministry said here on Saturday.

Vijay Mallya, in a social media post, questioned how he could be considered an economic offender after more than double the amount was recovered that had been determined by the courts as debt owed. He cited a statement by Finance Minister Nirmala Sitharaman in parliament regarding the recovery of over 14,130 crore rupees from assets attached to him.

Mallya Questions Over Claim of 14,000 Crore Rupees Debt Recovery

Brazil’s currency turmoil is putting significant pressure on the nation’s largest companies. The Brazilian real has dropped 21 percent recently, making it more expensive for companies to service their debt.

Brazil’s Business Sector Struggles As Real Slumps & Rates Rise

Brazil’s currency turmoil is putting significant pressure on the nation’s largest companies. The Brazilian real has dropped 21 percent recently, making it more expensive for companies to service their debt.



Ecuador announced Tuesday that it had converted part of its $1.5 billion of external debt into protection for the Amazon rainforest. Watch this report for more details!

Ecuador Secures $1.5 Bn Debt Swap To Fund Amazon Conservation

The developing world is bracing for a tumultuous 2025. Emerging market nations have to deal with the added stress of paying interest on the $29 trillion in debt that was accumulated over the past decade.

Massive Interest Burden Haunts $29 Trillion Emerging Debt Pile

The developing world is bracing for a tumultuous 2025. Emerging market nations have to deal with the added stress of paying interest on the $29 trillion in debt that was accumulated over the past decade.



Sri Lanka's private creditors back 12.6 billion dollar debt restructuring plan. The restructuring of Sri Lanka's foreign debts is a crucial step in the country's effort to get out of its protracted default.

Sri Lanka Bondholders Back $12.6 Billion Debt Restructuring

Volkswagen and Toyota tops the list of companies with the highest net debt. Takeovers propel global borrowing to record levels. Watch to know more!

Volkswagen Tops Corporate Debt Rankings, Takeovers Propel Corporate Borrowing | World News | WION

Kamala Harris has clearly overspent in the entire US Presidential election campaign this time and landed herself in a big soup after ending up in a whopping $20 million debt. Watch this report for more details!

US: Kamala Harris' $1 Billion Campaign Ends in $20 Million Debt

As the world grapples with a multitude of crises, the World Bank has issued a stark warning regarding the state of global poverty. In a recent report, the institution highlighted how ongoing wars, escalating debt levels, the climate crisis, and the lingering effects of the Covid-19 pandemic have collectively undermined efforts to alleviate poverty worldwide according to detailed report by The Guardian.

Wars, debt, and climate crisis stall global anti-poverty efforts, warns World Bank

The international monetary fund has raised alarms on the growing debt crisis gripping global economies. Global public debt is projected to exceed 100 trillion dollars by the end of 2024, amounting to approximately 93 percent of global gross domestic product.

IMF: Global Public Debt To Exceed $100 Trillion By 2024

Chief economists have expressed cautious optimism over the global economy, particularly highlighting India's robust performance that put South Asia at the top position globally, according to the latest survey by the World Economic Forum.

Leading economists bullish on India, still cautious optimism prevails for global recovery: WEF survey

A survey finds that the average household debt in Thailand will hit the highest level in at least 16 years. Family incomes have taken a hit as a result of the unequal economic recovery following the pandemic. Watch to know more.

Average household debt seen rising 8.4% to $18,000 this year

Economically-crippled Pakistan has now touched the mark of $254 billion (PKR 71 trillion) in debt as of June 2024, Pakistan-based ARY News reported, on Friday (Aug 30).

Pakistan debt crosses $254 billion as of June 2024

A couple from northern India's Uttar Pradesh, identified as Saurabh Babbar (35) and his wife Mona, allegedly died by suicide in Uttarakhand's Haridwar, due to mounting financial debts.

Uttar Pradesh debt-ridden couple commits suicide in Haridwar

Let’s shift our focus to the European Union where now a major economic issue is gripping the member states. Fiscal reforms.. European economy commissioner Paolo Gentiloni has called for France and other debt burdened nations to tighten their belts amidst critical talks in Brussels.

EU commission calls for fiscal reforms amid economic strain

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