Sri Lanka's Hambantota port deal with China to boost forex reserves, credit positive: Moody's

Sri Lanka's US$ 1.12 billion deal with China to develop Hambantota Port to boost foreign-exchange reserves and help repay debt bolstering investor confidence global rating agency Moodys said,  sale will allow government to set aside earnings to repay its upcoming debt maturities and reduce its external debt as Sri Lankas balance-of-payments position remains vulnerable after foreign-currency reserves materially declined …………….Please Log in or Subscribe to view full details…..


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