Moody’s Places Sri Lanka on Review for Credit Rating Upgrade

Agency’s action comes amid $12.6 billion distressed debt swap
Sri Lanka bonds rally, posting biggest gains among EM peers

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By Karl Lester Yap, Malavika Kaur Makol, and Jorgelina Do Rosario

November 28, 2024 at 4:27 AM UTC

Updated on

November 28, 2024 at 10:34 AM UTC

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Moody’s Ratings is reviewing Sri Lanka’s sovereign credit rating for an upgrade, as the nation is set to complete its debt restructuring of its dollar bonds.