Sri Lanka and Papua New Guinea See Credit Rating Improvements

S&P Global Ratings confirmed that Sri Lanka’s sovereign credit rating remains stable at a B‑ minus level, noting progress in macroeconomic policy, political stability and foreign‑exchange liquidity despite external shocks such as cyclone Ditwa and Middle‑East conflict. The agency also highlighted an upgraded Transfer and Convertibility Assessment, reflecting stronger investor confidence.

In Papua New Guinea, both Moody’s and S&P upgraded the country’s credit outlook to “Positive,” citing fiscal consolidation, IMF‑supported reforms, improved foreign‑exchange access and higher reserves. While the sovereign rating itself was unchanged, the positive outlook signals potential future upgrades if reforms continue, with both agencies warning that a reversal could downgrade the outlook again.