Global asset managers including Fidelity Investments and T. Rowe Price Group could be staring down the risk of default in Sri Lanka in the face of a deepening economic crisis.
Fidelity, Lord Abbett & Co. and T. Rowe were among the overseas holders of the island nation’s $12.6 billion in foreign debt, according to holdings most recently disclosed by investors in data compiled by Bloomberg. About $114.3 million of the debt was held between Fidelity International and Fidelity Investments, while Lord Abbett had about $78 million, according to the data. T. Rowe owned $32.6 million, followed by Payden & Rygel and SEI Investments, the data show.
