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Sri Lanka's debt restructuring is likely to push back to the end of 2023
January 11, 2023
Sri Lanka's debt restructuring could be pushed back to end-2023 due to delays in the IMF programme • Economy is likely to contract in 2023; the external sector has improved due to import contraction • Financial-sector liquidity and solvency risks are building with looming domestic debt restructuring • We refresh our recovery model; we now see a fair value between 22 and 33 at exit yields of 11-15% IMF approval likely to get pushed back to Q2-2023 an analysis by the Standard and Chartered Bank is annexed herewith for the perusal of the readers.
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