Sri Lankan joins Argentina and Mozambique as S&P slashes credit score
Standard and Poor's announced a downgrade to Sri Lanka’s credit score this week, in another blow to the economy that sees the country on par with Argentina, Mozambique and Belize.
“Sri Lanka’s economy is suffering another major blow in 2020,” the ratings company said. “We lowered our ratings on Sri Lanka based on our assessment that risks to debt servicing capacity have risen, as the government’s access to external financing has become increasingly dependent on favorable business, economic, and financial conditions.”




