Fitch downgrades Sri Lanka to “restrictive default”

Colombo, May 20 (PTI) New York-based ratings agency Fitch has downgraded debt-ridden Sri Lanka’s sovereign rating to “restricted default” after the country defaulted on making international sovereign bond payments at…

Crisis-hit Sri Lanka announces debt default

Colombo, Apr 12 (PTI) Faced with critically low forex reserves, Sri Lanka on Tuesday announced that the crisis-stricken country will default on its external debt pending a bailout package from…

Pakistan’s external debt likely to increase as dependence on foreign loans continues

Islamabad [Pakistan], June 30 (ANI): Pakistan's external debt is likely to increase in the near future as it is under compulsion to borrow more and more every year to repay…