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Moody's revises Bangladesh's outlook to ‘stable’ on easing political and external pressures
Credit ratings agency Moody’s on Tuesday revised Bangladesh’s credit outlook to “stable” from “negative” on easing political and external pressures. “Despite higher import costs, gas supply volatility, and challenges to the ready-made garment sector, the economy has shown underlying resilience,” the agency said in its report. Moody’s said the post-election transition and a strong government mandate had reduced political risks to reforms, while rebuilt foreign exchange reserves, exchange-rate flexibility and record remittances strengthened the country’s external position. Prime Minister Tarique...
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