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Sri Lanka’s Fitch Credit Rating has been downgraded 7 times during the last 7-years (May 2015 – May 2022)
Sri Lanka’s credit rating has been downgraded 7 times over the course of 7 years. 5 of those downgrades occurred since April 2020. In contrast, its regional peers have maintained their credit ratings. The recent downgrade to RD (Restricted Default) on the 19th of May 2022 was immediately after the lapse of a one month grace period for an ISB coupon payment that was not paid on the 18th of April.
Featured Insight
Sri Lanka’s Fitch Credit Rating has been downgraded 7 times during the last 7-years (May 2015 – May 2022)
Sri Lanka’s credit rating has been downgraded 7 times over the course of 7 years. 5 of those downgrades occurred since April 2020. In contrast, its regional peers have maintained their credit ratings. The recent downgrade to RD (Restricted Default) on the 19th of May 2022 was immediately after the lapse of a one month grace period for an ISB coupon payment that was not paid on the 18th of April.
Featured Insight
Sri Lanka’s Fitch Credit Rating has been downgraded 7 times during the last 7-years (May 2015 – May 2022)
Sri Lanka’s credit rating has been downgraded 7 times over the course of 7 years. 5 of those downgrades occurred since April 2020. In contrast, its regional peers have maintained their credit ratings. The recent downgrade to RD (Restricted Default) on the 19th of May 2022 was immediately after the lapse of a one month grace period for an ISB coupon payment that was not paid on the 18th of April.
Featured Insight
Sri Lanka’s Fitch Credit Rating has been downgraded 7 times during the last 7-years (May 2015 – May 2022)
Sri Lanka’s credit rating has been downgraded 7 times over the course of 7 years. 5 of those downgrades occurred since April 2020. In contrast, its regional peers have maintained their credit ratings. The recent downgrade to RD (Restricted Default) on the 19th of May 2022 was immediately after the lapse of a one month grace period for an ISB coupon payment that was not paid on the 18th of April.
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Ministry of Finance Fiscal Management Report 2022
An overview of the rationale and strategy that the Budget for the respective year is based upon. This document outlines the broad strategies upon which the Budget is formulated, and the key fiscal measures prioritized by the Government. This report is presented to Parliament on the day of the second reading of the Appropriation Bill, to explain the rationale behind the Budget presented.
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Ministry of Finance Fiscal Management Report 2020-21
An overview of the rationale and strategy that the Budget for the respective year is based upon. This document outlines the broad strategies upon which the Budget is formulated, and the key fiscal measures prioritized by the Government. This report is presented to Parliament on the day of the second reading of the Appropriation Bill, to explain the rationale behind the Budget presented.
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Ministry of Finance Fiscal Management Report 2019
An overview of the rationale and strategy that the Budget for the respective year is based upon. This document outlines the broad strategies upon which the Budget is formulated, and the key fiscal measures prioritized by the Government. This report is presented to Parliament on the day of the second reading of the Appropriation Bill, to explain the rationale behind the Budget presented.
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Ministry of Finance Fiscal Management Report 2018
An overview of the rationale and strategy that the Budget for the respective year is based upon. This document outlines the broad strategies upon which the Budget is formulated, and the key fiscal measures prioritized by the Government. This report is presented to Parliament on the day of the second reading of the Appropriation Bill, to explain the rationale behind the Budget presented.
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Ministry of Finance Fiscal Management Report 2017
An overview of the rationale and strategy that the Budget for the respective year is based upon. This document outlines the broad strategies upon which the Budget is formulated, and the key fiscal measures prioritized by the Government. This report is presented to Parliament on the day of the second reading of the Appropriation Bill, to explain the rationale behind the Budget presented.
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Ministry of Finance Fiscal Management Report 2016
An overview of the rationale and strategy that the Budget for the respective year is based upon. This document outlines the broad strategies upon which the Budget is formulated, and the key fiscal measures prioritized by the Government. This report is presented to Parliament on the day of the second reading of the Appropriation Bill, to explain the rationale behind the Budget presented.
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