Small font size A Larger text size A Largest text size A

BRIEF-Moody's Ratings Upgrades Sri Lanka To Caa1 & Assigns Definitive Caa1 Ratings To New USD-Denominated Issuances; Outlook Stable

BY Reuters | CORPORATE | 05:58 AM EST

Dec 23 (Reuters) - Moody's:

* MOODY'S RATINGS UPGRADES SRI LANKA TO CAA1 AND ASSIGNS DEFINITIVE CAA1 RATINGS TO THE NEW USD-DENOMINATED ISSUANCES; OUTLOOK STABLE

* MOODY'S: UPGRADE ISSUER RATING TO CAA1 DRIVEN BY CONCLUSION OF RESTRUCTURING OF SRI LANKA'S INTERNATIONAL BONDS HELD BY PRIVATE-SECTOR CREDITORS

* MOODY'S ON SRI LANKA: STABLE OUTLOOK REFLECTS BALANCED RISKS TO RATINGS

* MOODY'S: BESIDES REDUCTION IN LIQUIDITY RISKS, SRI LANKA'S FISCAL AND DEBT DYNAMICS ARE ALSO IMPROVING, ALBEIT FROM WEAK STARTING POINT

* MOODY'S: SRI LANKA'S CREDIT PROFILE REFLECTS REDUCTION IN EXTERNAL VULNERABILITY, GOVERNMENT LIQUIDITY RISK, PROSPECTS FOR FISCAL & DEBT SUSTAINABILITY Source text:

More Fixed Income News

Form X-17A-5 NATIONAL BANK OF CANADA For: Oct 31 BY EDGAR SEC Filings |ECONOMIC 10:06 AM EST
US Consumer Confidence Pulled Back in December BY PR Newswire |ECONOMIC 10:00 AM EST
US core capital goods orders rebound as economy eyes strong end to 2024 BY Reuters |ECONOMIC 09:55 AM EST
Form 424B2 ROYAL BANK OF CANADA BY EDGAR SEC Filings |ECONOMIC 09:53 AM EST

All Fixed Income News

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

fir_news_article