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FM disappointed over Fitch rating action; invites investors to have trust in SL

28 November 2020 04:31 pm - 13     - {{hitsCtrl.values.hits}}

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While expressing disappointment over rating action by Fitch Ratings, the Finance Ministry invited foreign investors to have faith in Sri Lanka continuously that Sri Lanka remains willing and able to meet its debt obligations, as it has done impeccably in the past.

 

 

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  Comments - 13

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  • Sokrstes Saturday, 28 November 2020 06:12 PM

    Investors from democratic countries do not like to invest in countries with a criminal dictatorship and where human rights are trampled. Also it is not in favor for the country when they are invited by a finance minister who is a member of the ruling mafia clan and an old drunkard.

    vithura Saturday, 28 November 2020 06:17 PM

    Now the blame game begins! Let's ask the local banks to credit rate their customers on trust, before asking the International investors to do so!

    BigEars Saturday, 28 November 2020 06:25 PM

    International rating agencies do not work on fairy tales. The work on fact and figures. The budget for 2021 can be see by anyone with average intelligence that it is flawed. The downgrade will result in Sri Lanka not being able to get financial assistance from lending agencies. I loans will have to come from commercial loans and we the citizens will have to pay for it.

    Sambo Sunday, 29 November 2020 10:41 AM

    But they have plenty other assets in the country ready to be sold to China

    Desillusioned Saturday, 28 November 2020 06:49 PM

    To have one of the biggest thief and crook in the world as the finance minister is disappointing

    Asanka Saturday, 28 November 2020 06:52 PM

    The finance minister is the one to blame. Ofcourse no decent foreign company will invest here anymore. With his reputation in the free world there is no chance.

    Sam Silva Saturday, 28 November 2020 07:29 PM

    Indeed we do meet our debt obligations by borrowing. Also our country keeps on borrowing for non essential developments while we are in crisis due to the virus.

    Oliver Nandasiri Liyanage Sunday, 29 November 2020 06:43 AM

    These comments are more than enough to analyse the economic mess created by all the racketeers during the past years.

    Buddhist Sunday, 29 November 2020 09:39 AM

    PM should blame himself for presenting cooked up numbers in the budget which lead to downgrading.

    roni Sunday, 29 November 2020 10:03 AM

    Why no comments from Cabba ?. Must be formulating a new formula to contradict the Fitch rating mechanism.

    Sri Wickrema Sunday, 29 November 2020 10:43 AM

    It is naive and ridiculous to invite foreign investors thinking they will just ignore the ratings.

    Joshua Sunday, 29 November 2020 10:55 AM

    Truth hurts No? International agencies cannot be fooled by political goons.

    Chux Sunday, 29 November 2020 07:35 PM

    No one needs to be disappointed as first put the country in order as investors are not fools


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