Economic outlook upgrades to stable from negative
Bangladesh, Sept. 15 -- Global ratings agency Moody's has revised Bangladesh economic outlook to stable from negative following the easing of political and external pressures, stronger foreign-exchange reserves and record remittance inflows.
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The ratings agency has, however, kept the long-term rating at B2 that balances long-term growth potential, supported by favourable demographics, a diversified economy and a competitive readymade garment (RMG) sector, against weaknesses in other sectors.
"The change in outlook to stable from negative reflects our assessment that the acute political and external pressures that drove the negative outlook have eased, leaving risks more balanced at the B2 rating level, even as material str...
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