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Moody's says political crisis credit negative for Sri Lanka EmptyToday at 7:50 am by ruwan326

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Moody's says political crisis credit negative for Sri Lanka EmptyToday at 7:39 am by serene

» Thread for News on CSE and SL Economy
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» HASU.N0000 (HNB ASSURANCE PLC)
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» Real Estate Market in Sri Lanka- A booming Industry or a Bubble?
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» RCL - Royal Ceramics
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» Sri Lanka bad loans grow to 4.8-pct in June after soft-peg collapse
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» Banks, Finance & Insurance Sector Chart
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» Cricket, meet Capitalism
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» Dividend Announcement
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» Browns Investments update
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» "පියසේනට දැං සනීපයි..."
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» What's going to happen
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» විද්‍යාව මිස්ගේ පාඩම...
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» Trading Journal
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» වචන නම් අපේ ඒත් තනුව ?????????
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» Stock Market to stay Bullish
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» Easter Sunday Attack and Sri Lanka
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» First capital holdings
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» What to Analyse
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» අනිසි ලෙස කොටස් මිල හැසිර වූ ආයෝජකයින් දෙදෙනෙකුට සුරැකුම්පත් කොමිසමෙන් නඩු
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» අද වෙන්දේසියේ දී බිල්පත් පොළිය පහළට.
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» AAIC.N0000
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» TPL.N0000 (TALAWAKALE PLANTATIONS )
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» Life After Google
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» S&P ශ්‍රී ලංකා 20 දර්ශකයේ වෙනසක්. CTC, NTB, රිචඩ් පීරිස් සහ ටෝක්යෝ සිමෙන්ති ඉවතට
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» Future of Tea Industry
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» Cricket !
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» මිල සූත්‍රය වැරදුණාද, වැරැද්දුවාද?
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» Happy Father's Day !
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» DPL.N0000 (Dankotuwa Porcelain PLC)
Moody's says political crisis credit negative for Sri Lanka EmptySun Jun 16, 2019 7:12 am by NIRMALSG

» Re: Financial reports Q1-2019
Moody's says political crisis credit negative for Sri Lanka EmptyFri Jun 14, 2019 8:57 pm by dhanurrox

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Moody's says political crisis credit negative for Sri Lanka

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Moody's says political crisis credit negative for Sri Lanka Empty Moody's says political crisis credit negative for Sri Lanka

Post by The Invisible on Mon Oct 29, 2018 3:58 pm

ECONOMYNEXT - Moody's Investors Service, a rating agency said Sri Lanka's political crisis is credit negative and the sudden appointment of Mahinda Rajapaksa as Prime Minister has increased uncertainty.

"The current political crisis in Sri Lanka is credit negative for the sovereign," Matthew Circosta, Analyst, Sovereign Risk Group, Moody’s Investors Service said in a statement.

"The President’s sudden appointment of Mr Rajapaksa as Prime Minister significantly heightens policy uncertainty."

"Additionally, the possible social tensions that may unfold in the next few weeks would have a negative impact on the economy, which is already growing slowly.

"And at a time when global financial markets are turbulent, uncertainty about the direction of future policy could have a large and lasting negative impact on international investor confidence.

"Such a development would undermine Sri Lanka’s ability to refinance forthcoming external debt in early 2019 at affordable costs."
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