On Sept. 19, 2025, S&P Global Ratings raised its long- and short-term foreign currency sovereign credit ratings on Sri Lanka to 'CCC+/C' from 'SD/SD'. We also affirmed our 'CCC+/C' long- and short-term local currency ratings. The outlook on both the long-term foreign and local currency ratings is stable. The transfer and convertibility assessment remains 'CCC+'....
Against this backdrop, we expect Sri Lanka's economic growth to continue its strong recovery this year. However, most of Sri Lanka's domestic commercial debt was excluded from the debt restructuring process. Sri Lanka's external position has improved.
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Organisations- International Monetary Fund
- S&P Global Ratings
- S&P Global
- Reuters
Places- Sri Lanka2
- Sri Lanka’s
Keywords- currency2
- ccc2
- convertibility
- oncontinue
- upgrades
- foreign
- outlook
- citing
- credit
- raised
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