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The 15 Countries Buried Under The Most Debt


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#13 Sri Lanka

#13 Sri Lanka

Image: AP

Debt as percent of GDP: 86.7


5-Year CDS spread: N/A


Debt outlook: Representatives of Fitch and S&P visited the island nation in May to asses the country’s debt situation. Sri Lanka currently has a B grade that is five notches below an investment grade and the country is looking to boost its credit rating, ahead of a planned $1 billion sovereign bond auction this year.

2010 debt ratio estimates provided by CIA and Eurostat. CDS pricing as at July 13 provided

Read more: http://www.businessinsider.com/countries-by-debt-2011-07#13-sri-lanka-3#ixzz1K4gfT7KW