Sri Lanka hit with downgrade ahead of January bond maturity
![Graph Falling Down in Front Of Sri Lanka Flag. Crisis Concept-adobe-Dec2021](https://assets.euromoneydigital.com/dims4/default/517877a/2147483647/strip/true/crop/5354x2923+0+0/resize/840x459!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2F23%2F9d%2Fe6ba4d854a1b8547cbb05541d6e9%2Fadobestock-338607396.jpeg)
Faced with low foreign exchange reserves and insufficient funding sources, the sovereign has an IMF bailout in sight
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