22 December 2024 06:48 pm Views - 1122
Colombo, December 22 (Daily Mirror)- The former government's collective hard work and determination in steering the nation from crisis to growth are now yielding strong, tangible results, former State Minister of Finance Shehan Semasinghe said.
Commenting on the Fitch Ratings upgrading the Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘CCC+’ from ‘Restricted Default', he said this milestone highlights the success of debt restructuring efforts, boosting both local and global confidence in Sri Lanka’s economic recovery.
He said in a post on X, "Congratulations on Fitch Ratings upgrading the Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘CCC+’ from ‘Restricted Default.’ This milestone highlights the success of debt restructuring efforts, boosting both local and global confidence in Sri Lanka’s economic recovery. Our (former Government's) collective hard work and determination in steering the nation from crisis to growth are now yielding strong, tangible results.