The governor of the country’s central bank and two major credit rating agencies said it has defaulted.
Highlights
- Central bank governor P Nandalal Weerasinghe said: “Our position is very clear, we said that until they come to the restructure [of our debts], we will not be able to pay” Two major credit rating agencies said it has defaulted.
- The governor of the country’s central bank said the country was pre-emptively defaulted on Thursday.
- The country’s credit rating agency said it had defaulted in the wake of its debt crisis.
- The rating agencies also said it would be difficult to re-negotiate the debt to avoid a default in the country’s credit market.