Fitch Holds Sri Lanka's Foreign-Currency Rating At RD
Edited By WION Video Desk
Published: Sep 25, 2024, 21:15 IST | Updated: Sep 25, 2024, 21:15 IST
Sri Lanka's long-term foreign currency rating at Rd which is restricted default while keeping the long-term local currency at CCC. Now an RD rating indicates that a country has defaulted on a financial obligation but has not yet filed for default or entered into any other formal winding up procedures.
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