Rating agency cites easing political risks and stronger reserves
Signage is seen outside the Moody’s Corporation headquarters in Manhattan, New York, US, 12 November 2021. Photo: Reuters
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Signage is seen outside the Moody’s Corporation headquarters in Manhattan, New York, US, 12 November 2021. Photo: Reuters
Moody’s Ratings has revised Bangladesh’s sovereign outlook to stable from negative, citing easing political and external pressures, stronger foreign exchange reserves and record remittance inflows.
The rating agency, in its latest assessment released today (15 September), affirmed Bangladesh’s long-term issuer and senior unsecured ratings at B2 and its short-term issuer ratings at Not Prime.
More to follow….
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