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Message: <blockquote data-quote="lkdood" data-source="post: 11360431" data-attributes="member: 92282"><img src="http://upload.wikimedia.org/wikipedia/en/f/f9/MoodysLogo.gif" alt="" class="fr-fic fr-dii fr-draggable " style="" /><img src="http://upload.wikimedia.org/wikipedia/commons/thumb/1/11/Flag_of_Sri_Lanka.svg/125px-Flag_of_Sri_Lanka.svg.png" alt="" class="fr-fic fr-dii fr-draggable " style="" />The recent expropriation bill in Sri Lanka will cast a shadow over the  investment climate in the country, according to Moody’s, the  international rating agency. “…an unintended consequence of this  expropriation measure may be that it casts a cloud over the investment  climate. If so, it would be credit negative for Sri Lanka,” it said in  comments made in its weekly credit report.“Despite authorities’  statement that this is a one-off move and that further expropriation  will not occur, the measure may undermine the predictability of future  policies and increase investor uncertainty, which would make it credit  negative for Sri Lanka,” Moody’s said. The rating agency said it is  unclear whether the assets will be managed by the state or resold to  other investors, and how performance will be revived. “The use of the  fast-track procedure, which we believe limits public scrutiny, largely  reflects the tendencies of the current government to exert strong and  direct influence over the economy. Nonetheless, Sri Lanka’s Supreme  Court ruled early last week that the bill was not inconsistent with Sri  Lanka’s constitution.”Maintaining investor confidence is the key to Sri Lanka’s ability to continue to collect the peace dividend.ST</blockquote>

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