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All three global ratings agencies confirm Sri Lanka’s exit from default
Daily FT
|September 22, 2025
ALL three global ratings agencies have lifted Sri Lanka’s sovereign ratings out of default, confirming the country’s recovery phase and placing the ratings in the speculative grade.
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S&P Global Ratings on Friday raised Sri Lanka’s longand short-term foreign currency ratings to ‘CCC+/C’ from ‘SD/SD’. Fitch Ratings had upgraded the sovereign to ‘CCC+’ from ‘RD’ on 20 December 2024, while Moody’s raised its rating to Caal from Ca on 23 December 2024.
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