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BRIEF-Fitch Says Political Risks Still Challenge Sri Lanka's Emergence From Default

BRIEF-Fitch Says Political Risks Still Challenge Sri Lanka's Emergence From Default

Reuters · 07/28/2022 00:51
BRIEF-Fitch Says Political Risks Still Challenge Sri Lanka's Emergence From Default

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  • FITCH RATINGS: POLITICAL RISKS STILL CHALLENGE SRI LANKA'S EMERGENCE FROM DEFAULT

  • FITCH SAYS SUCCESSFUL FORMATION OF A SRI LANKAN GOVERNMENT UNDER NEW PRESIDENT IS AN IMPORTANT PRECONDITION FOR RESOLVING SRI LANKA'S DEBT DEFAULT

  • FITCH- EXPECT ANY REFORM PACKAGE AGREED WITH IMF BY SRI LANKA GOVERNMENT TO INCLUDE ELEMENTS SUCH AS HIGHER TAXES, EXPENDITURE RATIONALISATION

  • FITCH- IN ABSENCE OF AN IMF DEAL, EXPECT SRI LANKA TO FACE A VERY STRAINED EXTERNAL POSITION IN NEAR TERM

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