Sri Lanka, Jan. 12 -- The recent rating downgrade would not have any negative impact on expansion plans of the Bank said Country Manager Bank of China (Colombo Branch) Wang Chuan said.

He said that they have plans to open a second branch in Hambantota but due to the pandemic these plans are now on hold.

In an EXCLUSIVE interview with 'Daily News Business' he said that the downgrade will not have much impact on our bank's expansion plan in Sri Lanka and they will continue to follow our bank's existing risk preferences while co-operating with our target customers.

"Sri Lanka for the past 70 plus years has been meeting its debt obligations while there is also political stability with a government with power with a two thirds majority in p...