Six non-Test-playing nations are in the fray in the mega one-day event, with Bermuda and Ireland making their Cup debuts. Others are Scotland, Kenya, the Netherlands and Canada.
"There are pretty good teams out there. Bangladesh are a side that have beaten top teams, including us, in the past," the Sri Lankan coach said on the eve of his team's opening Group-B match against Bermuda.
"Scotland, Ireland and Kenya are decent sides, so I am sure every nation that considers itself in the top bracket will be very much on its toes when it plays these minnows."
India and Bangladesh are other sides in Sri Lanka's group, with the top two making it to the next Super Eight stage.
Moody believed that versatility would be the key and teams having more options would have an advantage in the "open" World Cup.
"There are a number of teams that can win it (Cup) and we feel we are one of them.
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It's up to us now to executive our plans as best as we can under pressure and make sure we don't make as m