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Unwarranted Rating Action by S&P amid Arrangements to settle ISB Maturity in January 2022

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Unwarranted Rating Action by S&P amid Arrangements to settle ISB Maturity in January 2022

The Government of Sri Lanka (GOSL) is perturbed over today’s announcement by S&P Global Ratings, at a time when the GOSL has diligently lined up adequate funds to repay its maturing foreign debt liabilities and its repeated assurances over the strong commitment to oblige its debt service payments, including the International Sovereign Bond (ISB) maturing on 18 January 2022.

 


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