Sri Lanka's Prime Minister Ranil Wickremesinghe has questioned the countries downgrading by two major credit rating agencies over the past weeks.
Standard & Poor's ratings agency lowered the outlook on Sri Lanka’s 'B+' long-term sovereign credit rating to negative from stable, citing rising fiscal and external imbalances, earlier this week. The downgrade came after Fitch also took the step to downgrade outlook to B+.
According to the Sunday Times, the PM's reaction to the renewed blows to the country's stumbling economy was,
“There were dead bodies scattered around. How did they not discover this earlier? Why such ratings now?”
Sri Lanka to impose new taxes after credit rating downgrades (14 March 2016)
Another ratings agency downgrades Sri Lanka (11 March 2016)
Sri Lanka finance minister dismisses Fitch Ratings downgrade (01 March 2016)
We need your support
Sri Lanka is one of the most dangerous places in the world to be a journalist. Tamil journalists are particularly at threat, with at least 41 media workers known to have been killed by the Sri Lankan state or its paramilitaries during and after the armed conflict.
Despite the risks, our team on the ground remain committed to providing detailed and accurate reporting of developments in the Tamil homeland, across the island and around the world, as well as providing expert analysis and insight from the Tamil point of view
We need your support in keeping our journalism going. Support our work today.
For more ways to donate visit https://donate.tamilguardian.com.
