Top Stories
Top Stories
Wires

BRIEF-Fitch Says Political Tensions In Sri Lanka Could Resurface Towards End Of 2019, When Presidential Elections Are Due

Of 2019, When Presidential Elections Are Due@

May 16 (Reuters) - Fitch

* FITCH SAYS SRI LANKA BOMBINGS INCREASE ECONOMIC, EXTERNAL RISKS; IMF KEY

* FITCH SAYS EASTER BOMBINGS IN SRI LANKA WILL RESULT IN LOWER ECONOMIC GROWTH THIS YEAR

* FITCH SAYS EASTER BOMBINGS IN SRI LANKA COULD INCREASE EXTERNAL FINANCING PRESSURES

* FITCH SAYS EASTER BOMBINGS IN SRI LANKA WILL RESULT IN LOWER ECONOMIC GROWTH THIS YEAR AND COULD INCREASE EXTERNAL FINANCING PRESSURES

FITCH ON SRI LANKA SAYS FULL IMPACT ON TOURIST ARRIVALS WILL DEPEND ON ITS SUCCESS IN RESTORING SECURITY, EFFECTIVENESS OF MEASURES TO SUPPORT SECTOR

* FITCH SAYS SRI LANKA BOMBINGS WILL ALSO HAVE A SIGNIFICANT IMPACT ON CURRENT ACCOUNT DEFICIT

* FITCH SAYS WE THINK SRI LANKA'S 2019 GDP GROWTH COULD BE 1.0PP-1.5PP LOWER THAN OUR 3.6% FORECAST

* FITCH SAYS POLITICAL TENSIONS IN SRI LANKA COULD RESURFACE TOWARDS END OF 2019, WHEN PRESIDENTIAL ELECTIONS ARE DUE

* FITCH SAYS EXTERNAL FINANCING PRESSURES MITIGATED BY GOVERNMENT'S ADHERENCE TO ECONOMIC POLICIES, TARGETS THAT ENABLED SRI LANKA TO GET IMF PROGRAMME BACK ON TRACK

* FITCH SAYS LAST MONTH'S BOMBINGS IN SRI LANKA WILL LEAD TO A REDUCTION IN TOURISM RECEIPTS

* FITCH SAYS DEBT RELATED CHALLENGES INCREASE IMPORTANCE OF SRI LANKA'S IMF PROGRAMME IN CATALYSING FUNDING SUPPORT AND AS A POLICY ANCHOR

* FITCH SAYS ADEQUACY OF FX RESERVES AND REFINANCING RISKS REMAIN KEY FOR SRI LANKA'S SOVEREIGN RATING Source text for Eikon: