“Moody’s downgrade, massive blow to economy,” Harsha says

(FASTNEWS|COLOMBO) – Parliamentarian Harsha de Silva has stated that the decision of Moody’s Investors Service (“Moody’s”) to downgrade the Government of Sri Lanka’s foreign currency issuer and senior unsecured ratings to B2 from B1 and changed the outlook to stable from negative, “Is the first massive blow to the economy.”

We just heard that Moody’s downgraded #SriLanka’s credit rating to B2 stable. This is the first massive blow to the economy as a result of irresponsible #CoupLK by @MaithripalaS and Rajapaksa clan. We also heard they have received a letter from @CBSL pleading to reconsider. Mess! pic.twitter.com/hxYh3Hv8if

— Harsha de Silva (@HarshadeSilvaMP) November 20, 2018

Unfortunately Moody’s didn’t accept the plea by @CBSL. They downgraded to B2. Huge blow.

— Harsha de Silva (@HarshadeSilvaMP) November 20, 2018

Former State Minister of National Policies and Economic Affairs tweeted saying that “This is the first massive blow to the economy as a result of irresponsible #CoupLK by @MaithripalaS and Rajapaksa clan. We also heard they have received a letter from @CBSL pleading to reconsider. Mess!”

More on this story;
Moody’s downgrades Sri Lanka’s ratings to B2, changes outlook to stable from negative