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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Impact of Moody's Downgrade - What we should do?

Impact of Moody's Downgrade - What we should do?

5 posters

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ONTHEMONEY


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Hi All,


If the country becomes defaulting as per the downgrade by Moody's Ratings yesterday, I don't think even a Bank or a Finance company would secure any individual's deposits. The country risk was on the cards mainly stemming from the  COVID19 shocks.


https://economynext.com/sri-lanka-says-moodys-sovereign-rating-downgrade-to-caa1-unwarranted-74247/



Bilateral negotiations will be the only surviving factor and heard that it is already being discussed with China and India. Please refer the following link 


http://www.ft.lk/front-page/SL-looking-to-tackle-trade-deficit-with-India-Cabraal/44-706721



Today will be a ideal for high level of collection and increase your portfolio. The market could react a bit for the following news. However, what I feel is the ASI demand was primarily from Local investors up to now. 


Good Luck

ErangaDS and judecroos like this post

samaritan


Moderator
Moderator

All countries face this upgrade & downgrade, there is nothing to be alarmed. Moody should have downgraded soon after the biggest bond scam, but only acted as 'nattamey'to earlier regime.

KavinduTM, Kipling and Nandun like this post

Champ888


Manager - Equity Analytics
Manager - Equity Analytics

Foreign Investors will not comming and even they might sell thier shares...

ADVENTUS likes this post

samaritan, Kipling and High-flyer dislike this post

samaritan


Moderator
Moderator

ANC will address this issue shortly. Footnote pranksters are at work following surge in ASI.

lal62 and Kipling like this post

ADVENTUS dislikes this post

ONTHEMONEY


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Hi all,

All Local investors are not at a risk at all, We are anyways in this risk even before the war times.

Ideal time to collect in this market.

Good Luck

samaritan and Kipling like this post

ONTHEMONEY


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

ONTHEMONEY wrote:Hi all,

All Local investors are not at a risk at all, We are anyways in this risk even before the war times.

Ideal time to collect in this market.

Good Luck
Hi all,

Hold on to fundamentally strong and stocks having space to generate strong cash flows in coming quarters.

Good Luck

ADVENTUS


Moderator
Moderator

samaritan wrote:ANC will address this issue shortly. Footnote pranksters are at work following surge in ASI.
He's incompetent and a crook. We should have known better when Gota stuttered during the only press conference before his election. They will have to revise their decisions on taxes and seek assistance from IMF.

RJ1010 likes this post

samaritan, KavinduTM, Kipling and ADVENTUS dislike this post

kasun_gimhana

kasun_gimhana
Manager - Equity Analytics
Manager - Equity Analytics

This is how Srilanka's export exceeds its import as Pohotuwa said. LOL . it can be fooled SriLankan fools by lies but not international. 
Impact of Moody's Downgrade - What we should do? Centra10

ADVENTUS and RJ1010 like this post

KavinduTM dislikes this post

samaritan


Moderator
Moderator

Decision on taxes was taken before Covid outbreak. Moody's had been in the centre of controversy for their biased ratings in the past. The beneficiaries of the bond scam should be thoroughly investigated to rule out possible nexus to outside agencies.

වැරදි විශ්ලේෂණයක් – Moody’s තීරණයට ශ්‍රී ලංකා රජයෙන් ක්ෂණික ප්‍රතිචාර!



Last edited by samaritan on Tue Sep 29, 2020 11:57 am; edited 1 time in total

ADVENTUS


Moderator
Moderator

samaritan wrote:Decision on taxes was taken before Covid outbreak. Moody's had been in the centre of controversy for their biased ratings in the past. The beneficiaries of the bond scam should be thoroughly investigated to rule out possible nexus to outside agencies.
ANC, is one beneficiary of Aloysius' PTL deals. The forensic report on the Bond scam highlights all this. Gota's nonsense tax reforms resulted in the rating drop.

samaritan


Moderator
Moderator

Have we forgotten the threats levelled at Sunil Handunetti ???
Who were behind it???

Footnoter must be licking his foot as market recovers and the malicious plans only short lived.

Wonder what the next plan would be, Reminds us of the Wolf in the cartoon series "Road Runner"!
Impact of Moody's Downgrade - What we should do? Images?q=tbn%3AANd9GcSHpYrVIRfmGx_xUhEk2-IJkHm5qY2jJAgPYA&usqp=CAU

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