All three major global credit rating agencies — Moody’s, Fitch, and S&P — have now taken steps to officially remove Sri Lanka from default. Sri Lanka Latest News
On Friday, S&P Global Ratings announced that it has upgraded Sri Lanka’s long-term and short-term foreign currency sovereign credit ratings to ‘CCC+/C’ from the previous ‘SD/SD’ (Selective Default) status.
In December 2024, Fitch Ratings also upgraded Sri Lanka’s sovereign credit rating to ‘CCC+’ from ‘RD’ (Restricted Default).
Similarly, Moody’s upgraded Sri Lanka’s long-term foreign currency issuer default rating to ‘Caa1’ with a stable outlook in December 2024.
Sri Lanka Removed from Default as Moody’s, Fitch, and S&P Upgrade Ratings
