Moody’s affirms Ba3 rating for Bangladesh

Moody’s Investors Service (Moody’s) has affirmed the Government of Bangladesh’s Ba3 issuer and senior unsecured ratings and maintained the stable outlook on the ratings. Moody’s has also affirmed Bangladesh’s NP short-term issuer ratings, reports BSS.
Moody’s released the information in a statement on Monday outlining the rationale for the decision.
Moody’s decision to affirm the rating is driven by the following factors:
1. Strong growth, macroeconomic stability, and access to concessional funding;
2. A very narrow government revenue base that restricts fiscal flexibility and very low institutional capacity that constrain the investment climate and competitiveness.
The maintenance of the stable outlook reflects the expectation that the balance of credit strengths and challenges described above is unlikely to shift over the outlook horizon.
Bangladesh’s Baa3 local currency bond and deposit ceilings remain unchanged. The Ba2 country ceiling for foreign currency (FC) debt and B1 country ceiling for FC bank deposits also remain unchanged.

Moodys affirms Ba3 rating for Bangladesh

Moodys Investors Service (Moodys) has affirmed the Government of Bangladeshs Ba3 issuer and senior unsecured ratings and maintained the stable outlook on the ratings. Moodys has also affirmed Bangladeshs NP short-term issuer ratings, reports BSS. Moodys released the information in a statement on Monday outlining the rationale for the decision. Moodys decision to affirm the rating is driven by the following factors: 1. Strong growth, macroeconomic stability, and access to concessional funding; 2. A very narrow government revenue base that restricts fiscal flexibility and very low institutional capacity that constrain the investment climate and competitiveness. The maintenance of the stable outlook reflects the expectation that the balance of credit strengths and challenges described above is unlikely to shift over the outlook horizon. Bangladeshs Baa3 local currency bond and deposit ceilings remain unchanged. The Ba2 country ceiling for foreign currency (FC) debt and B1 country ceiling for FC bank deposits also remain unchanged.