Sri Lanka Outlook Cut to Negative by S&P After Tax Cuts
The Sri Lankan flag flies in front of the Bank of Ceylon, left, and the World Trade Towers in Colombo, Sri Lanka. (Photographer: Prashanth Vishwanathan/Bloomberg)

Sri Lanka Outlook Cut to Negative by S&P After Tax Cuts

(Bloomberg) -- S&P Global Ratings cut Sri Lanka’s ratings-outlook to negative, saying new tax cuts undermine the country’s fiscal and debt sustainability.
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