Sri Lanka Willing to Meet Its Debt Obligations, Says Govt After Fitch Downgrades Country's Ratings

Fitch Ratings said on Friday it was downgrading Sri Lanka from "B-" to "CCC", barely above default, after the government's 2021 budget showed too steep revenue projections, following earlier tax cuts and a higher deficit for 2021 than 2020.

from Top Business News- News18.com