Tag: Subdued economic growth drives negative outlook for Sri Lanka banking system: Moody's

Moody-Investors-Service

‘s

Aug 30, 2019 (LBO) – Moody’s Investors Service says in a new report that its negative outlook for Sri Lanka’s banking system is driven by weak operating conditions and deteriorating asset quality, as a slow recovery in the tourism and related sectors are resulting in subdued economic growth. “Tourist arrivals declined sharply following the Easter […]