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  • LOLC Securities – Venture into success
  • LOLC Securities – Venture into success
  • LOLC Securities – Venture into success
  • LOLC Securities – Venture into success
  • LOLC Securities – Venture into success

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2018/11/21

Sri Lanka warned of further downgrades by Moody's if reforms are halted

Sri Lanka may face further downgrades if recent reforms to reduce budget deficit and improve investment flows were reversed or halted and foreign reserves fell faster, Moody's Investors Service, a rating agency said after cutting the island's speculative B2 rating to B1."Moody's would consider downgrading the rating if external and domestic financing conditions were to deteriorate further than currently expected," the rating agency said. “In particular, a larger drain on foreign exchange reserves would increase the risk of lower capital inflows and sharply raise refinancing costs. “This would contribute to repayment stresses that would be more consistent with a B3 rating.".-  Economynext

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