Sri Lanka credit profile stabilized, but burdens rising; Moody's

Tuesday, 23 July 2013 - 7:56




Sri Lanka's credit profile has stabilized but external debt and debt servicing costs are rising, Moody's Investors Services, which has rated the country 'B1' said in a credit update.


Earlier in July, the agency cut the outlook to stable saying the country has stabilized following balance of payments trouble but there was not enough progress for an upgrade, and debt consolidation has paused.


Moody's said Sri Lanka had low debt affordability with revenue to debt ratio.