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Fitch upgrades Sri Lanka's rating after creditors approve a massive debt restructuring plan.
Fitch Ratings upgraded Sri Lanka's long-term foreign-currency rating to 'CCC+' from 'restricted default' after creditors approved a $12.55 billion debt restructuring plan.
This follows a $2.9 billion IMF bailout last year.
The restructuring involves swapping defaulted bonds for new fixed-income instruments, with potential interest rate cuts if governance targets are met.
The upgrade indicates improved economic outlook and reduced default risk, though high debt levels persist.
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Fitch mejora la calificación de Sri Lanka después de que los acreedores aprueben un plan masivo de reestructuración de la deuda.