Only rating agencies can announce a nation has come out of bankruptcy: Harsha

22 June 2024 09:31 pm Views - {{hitsCtrl.values.hits}} 26 Bookmark

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Colombo, June 22 (Daily Mirror) - It is the rating agencies that should announce that a nation has come out of bankruptcy, SJB MP Harsha De Silva said today.

"We have heard that President Ranil Wickremesinghe is to announce that Sri Lanka had come out of bankruptcy.

However, it is the rating agencies which have to accept and announce that Sri Lanka has come out of bankruptcy. Sri Lanka has to have triple c rating to come out of bankruptcy.

Besides, Sri Lanka has not reached an agreement with ISB holders. Therefore, how can one say our country has come out of bankruptcy?" he questioned.

Comments - 26

joshua Saturday, 22 June 2024 10:11 PM

who believes RW who lives with the rogues and those who bankrupted the nation. Whatever he says no vote for him.

4 42

Hadira Saturday, 22 June 2024 10:16 PM

Of course yes . President seems to have overstepped in his declaration that we have come out of bankruptcy.

5 22

Kays Sunday, 23 June 2024 12:03 AM

Sour grapes?

5 6

George Soro Sunday, 23 June 2024 01:12 AM

Sri lLanka is more bankrupt than ever. Not paying back loans and interest and getting more loans is the clear sign of being bankrupt. Stop to ask being considered to be no more bankrupt. At the moment SL has debts of over 100 billion US dollars. The world knows, that's why you get from IMF etc. only small amounts and nothing from western countries. India and China will give more, but with high interest. You can take whatever in life that you want, but one day you will have to pay it back.

18 83

Tissa Fernando Sunday, 23 June 2024 03:54 AM

As long as we remain bankrupt, it is good for you so you can get into power and then declare that you with your brilliant brain have made SL recover.

0 29

Adwani Sunday, 23 June 2024 06:32 AM

How the rating agency will know, how much you have stolen from loans received??? There were unaccounted loans, received and taken into personal accounts of corrupts in charge. How the rating agency will know??

3 15

Joker Sunday, 23 June 2024 05:37 PM

My dear Advani, the agencies go by the economic performance

16 23

Adwani Sunday, 23 June 2024 08:44 PM

Dear Joker - Rating Agencies have been fed with wrong economic data, which cause them to arrive at wrong conclusions. The stolen fund was covered up by former CB Governor, who claimed that we need not have to go to IMF with bended knees.

11 7

P Kunchithapathan Sunday, 23 June 2024 06:50 AM

President Ranil Wickremesinghe is as usual in a mighty hurry to announce that country is out of the woods of economic crisis from the time he was elected as the president. He is often forgot the fact that his political party men also instrumental in bringing the country into total chaos. He even made the anoouncement when the country received the first instalment of IMF loan. He is a typical politician of this country with bad traits. Good luck for his second term.

26 34

Kandy whip Sunday, 23 June 2024 07:40 AM

RW never said country have come out of bankruptcy but said it will very soon after restructuring of foreign debts. Since of late Harsha talking like a man who is high on alcohol or drugs as he shows lack of focus and attention to what he says. This is very unbecoming for a person who suppose to have doctorate on Economics.

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Nimal 1 Sunday, 23 June 2024 08:00 AM

Quite rightly so. The wretched pin president has been making statements that the country has come out of bankruptcy since the time the first tranche of the IMF bailout loan was approved. However, the majority of the people are still on the brink of poverty, most of the country's debts remain unpaid, the prices of utilities and commodities have at least triples over the last two years. We are far far away from coming out of this quagmire of bankruptcy, if at all, we ever will.

29 116

Tom Sunday, 23 June 2024 08:10 AM

Even IMF ssys they are confident of SL reaching a final settlement with all the stake holders soon. Then the ratings will go up. It is inevitable. Hardha is turning out to be just another politician bumsucking his master with no ethics.

139 147

Bernard Jayatilake Sunday, 23 June 2024 08:31 AM

Even after coming out of bankruptcy the country will have to trod a long way towards achieving a developing country status.

0 2

Ruwan Sunday, 23 June 2024 09:22 AM

At least Ranil can express what he hopes to achieve with the IMF. But you have no right to say ANYTHING about it after saying we'll get anywhere with the IMF because we didn't have a "legitimate government", back in 2022.

0 22

Jude Sunday, 23 June 2024 09:32 AM

No one takes RANIL seriously!!

72 61

Jude Sunday, 23 June 2024 09:35 AM

The similarities between Ranil and Prabha, Prabha destroyed the country for 30 years and RANIL destroyed the country for 47 years.

54 1

Jude Sunday, 23 June 2024 09:39 AM

Sri Lanka still borrowing yeah loans loans loans, SL gonna bankrupt again!!

63 52

Jude Sunday, 23 June 2024 09:43 AM

SL going back to bankruptcy, yeah.

73 69

George Soro Sunday, 23 June 2024 10:01 AM

Absolutely correct. Just because a president says "we are no more bankrupt" - that does not help. SL has officially over 100 billion USD debt and it is getting more and more and not paying back anything. And believe me, it will get worse and worse.

62 88

Tariq Sunday, 23 June 2024 10:25 AM

He never said that. You got loose motion. Jabbering something everyday.

63 52

Gona Sunday, 23 June 2024 10:30 AM

Harsha, I want a yes or no answer for my question. Were you or weren't you a key figure of the Ayahapath Palanaya, when you're bossa robbed the CBSL from the front door during the day. Now please answer.

9 52

Govindaraja Jeganathan Sunday, 23 June 2024 12:08 PM

Harsh, You are being too HARH with your former leader. Does your political expediency demand our nation to remain bankrupt, till your new leader becomes the President.

0 14

Sambo Sunday, 23 June 2024 01:34 PM

How can any educated person say that we are not bankrupt when we owe the world a staggering 100 billion dollars and still continuing to borrow. even Vanniye Aththo will have better common sence.

1 53

Cool Cat Sunday, 23 June 2024 07:42 PM

Stupid reasoning. Japan has one of the biggest loan portfolios which run into trillions. Same time they have one of the biggest Vibrant economies in the world. Getting out of bankruptcy means we on right path on paying off loans

111 129

Vivekananda James Sunday, 23 June 2024 07:34 PM

Sorry We are Bankrupt for EVER. Sad but true

7 20

sach Sunday, 23 June 2024 08:48 PM

ranil 2015-19 is the reason for the bankruptcy

16 0

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