Sri Lanka, Aug. 25 -- Sri Lanka's foreign currency long-term issuer rating and senior unsecured rating remain unchanged at Caa1, backed by a stable outlook.

Moody's Ratings announced the decision yesterday (24), pointing to a balance between macro-stabilisation achievements and persistent fiscal weaknesses.

Weak debt affordability along with a substantial total national debt load continue to constrain the country's sovereign profile.

External vulnerability stays high due to modest foreign exchange reserves, even though post-crisis debt restructuring provided needed breathing room and boosted reserve levels.

Reforms under the International Monetary Fund framework raised state revenue and produced consecutive primary surpluses, yet heav...