{"id":125508,"date":"2022-05-19T16:51:03","date_gmt":"2022-05-19T23:51:03","guid":{"rendered":"https:\/\/www.lankaweb.com\/news\/items\/?p=125508"},"modified":"2022-05-19T16:51:03","modified_gmt":"2022-05-19T23:51:03","slug":"fitch-downgrades-sri-lankas-rating-to-restricted-default","status":"publish","type":"post","link":"https:\/\/www.lankaweb.com\/news\/items\/2022\/05\/19\/fitch-downgrades-sri-lankas-rating-to-restricted-default\/","title":{"rendered":"Fitch downgrades Sri Lanka&#8217;s rating to &#8216;restricted default&#8217;"},"content":{"rendered":"<h2><span style=\"color: #0000ff;\"><em>Courtesy CNA<\/em><\/span><\/h2>\n\n\n<p>Ratings agency Fitch on Thursday downgraded Sri Lanka&#8217;s rating to &#8216;RD&#8217; from &#8216;C&#8217; after the grace period expired on coupon payments that were due on Apr&nbsp;18 on two international sovereign bonds.<\/p>\n\n\n\n<p>&#8220;We have affirmed Sri Lanka&#8217;s Long-Term Local-Currency IDR at &#8216;CCC&#8217;, as the government has continued to service local-currency debt and we assume this will continue,&#8221; the ratings agency said in a statement.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Courtesy CNA Ratings agency Fitch on Thursday downgraded Sri Lanka&#8217;s rating to &#8216;RD&#8217; from &#8216;C&#8217; after the grace period expired on coupon payments that were due on Apr&nbsp;18 on two international sovereign bonds. &#8220;We have affirmed Sri Lanka&#8217;s Long-Term Local-Currency IDR at &#8216;CCC&#8217;, as the government has continued to service local-currency debt and we assume [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":true,"template":"","format":"standard","meta":{"footnotes":""},"categories":[102],"tags":[],"class_list":["post-125508","post","type-post","status-publish","format-standard","hentry","category-economy"],"_links":{"self":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/125508","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/comments?post=125508"}],"version-history":[{"count":0,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/125508\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/media?parent=125508"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/categories?post=125508"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/tags?post=125508"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}