Saturday, 28 November 2020

Sri Lanka Willing to Meet Its Debt Obligations, Says Govt After Fitch Downgrades Country's Ratings

Fitch Ratings said on Friday it was downgrading Sri Lanka from "B-" to "CCC", barely above default, after the government's 2021 budget showed too steep revenue projections, following earlier tax cuts and a higher deficit for 2021 than 2020.

from Top Business News- News18.com https://ift.tt/2JgD4xc
via IFTTT
at
Labels: ,

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

Beyond Borders: The True Origins Of India's Favorite Brands - Colgate, Bata And Maruti

Bata grew into one of the world's leading shoemakers, with an impressive annual sale of 150 million pairs of shoes across more than 70 c...