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Monday, 20 June 2016 - 11:08
Fitch Ratings to Closely Monitor How Lankan Economy Adjusts
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Fitch Ratings said it will closely monitor how the Sri Lankan economy adjusts under the recently secured IMF program as it will be the key rating driver for the sovereign ratings improvement.

According to Fitch, more robust, predictable policy environment coupled with less dependence on foreign debt and more dependence on probably FDIs, could be key positive rating drivers for Sri Lanka.

However it was noted that further fiscal slippage or any further deterioration of external finances could be a negative factor for the rating.

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