UPDATE 1-S&P downgrades Sri Lanka on debt servicing risks - Reuters UK

12:44am PST - December 11th, 2020    dollar general - Reuters

Rating agency S&P slashed Sri Lanka's credit rating to "CCC+/C" on Friday, citing concerns that risks to the island nation's debt servicing capacity have risen as the COVID-19 pandemic has squeezed the government's ability to generate earnings.