How Sri Lanka debt tumbled from best to worst in Asia due to Covid


Source: theprint.in theprint.in

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Economy How Sri Lanka debt tumbled from best to worst in Asia due to Covid The island nation’s notes lost about 20% in October after dropping 15.5% in September, marking two straight months of the biggest losses in the region. Anurag Joshi and Anusha Ondaatjie 2 November, 2020 10:26 am IST The stumble comes after Moody's Investors Service cut Sri Lanka’s sovereign rating deeper into junk in September, citing risks from a coronavirus-induced shock to the economy. | Photographer: Lakruwan Wanniarachchi | AFP via Getty Images via Bloomberg Text Size: A- A+ Colombo: Sri Lanka has tumbled from best to...