Sri Lanka Debt Concerns Mount on Downgrade Deeper Into Junk
- S&P cut nation’s rating to CCC+, citing pandemic fallout
- Longer-dated bonds are indicated at more stressed levels
Photographer: Ishara S. Kodikara/AFP/Getty Images
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Markets are showing mounting concern about Sri Lanka’s ability to manage debt loads, amid financial deterioration that sparked a downgrade deeper into junk Friday.
Read more about S&P’s downgrade on Sri Lanka here