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Smooth+transition+of+power+in+Sri+Lanka+could+bolster+foreign+investor+confidence%2C+says+Fitch+Ratings.
Thursday, 15 January 2015 - 20:53
Smooth transition of power in Sri Lanka could bolster foreign investor confidence, says Fitch Ratings.
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According to Fitch Ratings, the quick and smooth transition of power in Sri Lanka indicates a basic level of political stability, which could bolster foreign investor confidence, and would in turn provide more stable funding for the persistent current account deficit.

According to Fitch, new President Sirisena has provided limited clarity on the specifics of his economic agenda so far, and it remains to be seen what impact the new government's policies would have on the economy and the sovereign's creditworthiness.
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