Wednesday, 3 July 2013 00:01
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Moody’s also said on 27 June 2013, a rating committee was called to discuss the rating of the Sri Lanka, Government. The main points raised during the discussion were: The issuer’s economic fundamentals, including its economic strength, have materially decreased.
The issuer’s fiscal or financial strength, including its debt profile, has not materially changed. External payments position has weakened over the past two years. Other views raised included: The issuer’s institutional strength/ framework, have not materially changed. The issuer has become less susceptible to event risks.
