Menu
Inshorts
For the best experience use inshorts app on your smartphone
inshortsinshorts
Our debt default has ended, economic crisis 'man made': Sri Lanka
short by Disha Jana / on Sunday, 22 December, 2024
Sri Lanka's Finance Ministry said on Saturday that the island nation had officially ended its debt default with Fitch Ratings upgrading its long term credit default rating to 'CCC+' from 'CCC-'. An official from the ministry also called Sri Lanka's economic crisis "man made". Sri Lanka had plunged into an economic crisis when it declared sovereign default in April 2022.
read more at Moneycontrol