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Sri Lanka in no rush to sell sovereign bond: Finance Minister | Economynext

Sri Lanka in no rush to sell sovereign bond: Finance Minister | Economynext: "We just got the (cabinet) approval to do so," Karunanayake said.� "We are not running after it, we will see what the best position is to do so."

He said Fitch Ratings has upgraded the outlook on Sri Lanka's credit rating to 'stable' from 'positive', recognizing improvements in financial discipline, despite external uncertainty.

There was also expectations of an 'imminent' Federal Reserve rate hike, he said.

Sri Lanka has also missed some structural benchmarks and could miss at least one performance criteria in a deal with the International Monetary Fund, though the main thrust involving the improvements in the budget is on track.
Sri Lanka in no rush to sell sovereign bond: Finance Minister | EconomynextSocialTwist Tell-a-Friend

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