Fitch rating warns of risk in Sri Lanka's domestic debt restructuring plan
Fitch Ratings have warned of continued risk despite Sri Lanka's domestic debt restructuring plan, as the agency doubts external creditors' approval.
Highlighting the risks, the agency pointed out that it is still unclear whether the government’s proposal has received the support of the country’s external creditors. “If not, the risk of further domestic debt restructuring could linger, resulting in further instability for the banking sector.”
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