FactChecked

Investing in Govt. securities today riskier than Greece bonds. Rating ‘True and Correct’

27th August 2017, FactCheck Sri Lanka

CLAIM

Investing in Govt. securities today riskier than Greece bonds

RATING

FactCheck True

 

ORIGIN

Article published in Daily Mirror dated 2017-08-26

Investing in Govt. securities today riskier than Greece bonds

Former Central Bank Governor Ajith Nivard Cabraal said an investment today in the Sri Lankan Government Securities such as Treasury Bills, Treasury Bonds, Development Bonds, and International Sovereign Bonds pose a much higher credit risk than that faced by those who invested in Greece Bonds in April 2011.

“Further, it is also to be noted that in April 2011, when the Central Bank invested in the Greece Bonds, the international credit rating of Greece was BB+ which was 3 notches higher than Sri Lanka’s current rating of B+ (negative).”

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http://www.dailymirror.lk/article/Investing-in-Govt-securities-today-riskier-than-Greece-bonds-135388.html

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Published on ECONOMYNEXT dated Mar 08, 2017 

Sri Lanka’B+’ rating confirmed by S&P; negative outlook unchangedScreen Shot 2017-08-27 at 12.52.34 AM

http://www.economynext.com/Sri_Lanka_B+__rating_confirmed_by_S_P;_negative_outlook_unchanged-3-7510-1.html

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Sri Lanka | Credit Rating

Standard & Poor’s credit rating for Sri Lanka stands at B+ with negative outlook. Moody’s credit rating for Sri Lanka was last set at B1 with negative outlook. Fitch’s credit rating for Sri Lanka was last reported at B+ with stable outlook. In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of Sri Lanka thus having a big impact on the country’s borrowing costs. This page includes the government debt credit rating for Sri Lanka as reported by major credit rating agencies.

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https://tradingeconomics.com/sri-lanka/rating

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Greece | Credit Rating

Period between 2010 – 2011

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https://tradingeconomics.com/greece/rating

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Sri Lanka Fitch Credit Rating as of March 2017 is B+ 

Greece Fitch Credit Rating as of January 2011 is  BB+ 

Investing in Govt. securities today riskier than Greece bonds in January 2011



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