- Last Update 2025-05-01 12:44:00
Current political crisis negative to Sri Lanka, Moody’s says
The current political crisis in Sri Lanka is credit negative for the sovereign (status), rating agency, Moody’s Investors Service said on Monday.
“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,” it said in a statement adding that a fuller statement would be issued later in the day.- ENDS-
-
Still No Comments Posted.
- April 25, 2025 - 170 - 0
Rs 30 million worth tabs and mobiles left behind at duty free shop
Customs have detected 228 mobile phones and tabs valued at over Rs 30 million left behind in the duty free shopping complex at the Banaranaike International Airport today, Customs officials said.
- April 26, 2025 - 144 - 0
Your Sunday Times highlights for this week
Read this week’s Sunday Times for your interesting articles including the ’’5th Column’’.
Related Articles
Opposition Leader Calls on Workers to Unite Amid Economic Challenges
- 01/05/2025 - 10 - 0
PM Highlights Reforms, Workers’ Rights in May Day Message
- 01/05/2025 - 3 - 0
President Calls for Unity and Economic Reform in May Day Message
- 01/05/2025 - 13 - 0
Intertropical Convergence Zone Influencing Island’s Weather: Met Department
- 01/05/2025 - 14 - 0
Leave Comments