Sri Lanka
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One bondholder said he was confident others would accept terms of consent solicitation launched on Tuesday -
The proposal still needs IMF and official creditor approval, which is not certain
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The nation is taking steps to restructure its debt before its IMF-led bail out
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The sovereign is aiming to reach agreements with creditors within nine months
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A call with external creditors may offer some clarity on the country's debt revamp process
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The south Asian nation is tightening its policies in return for multilateral support
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The South Asian country faced a fresh bout of chaos over the weekend
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Sovereign's moratorium on all its external debt obligations is also an event of default under the bond terms
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Asia’s capital markets have swung from euphoria to despair in the past year, with no let-up in sight
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Times are tough but the sovereign still has a chance to prove itself to investors and regain its credibility
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South Asian nation is pushed further down into junk after suspending external debt payments
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South Asian sovereign looks to solve debt overhang with help from the IMF
