Dhaka, May 14 -- Fitch Ratings has revised the outlook on Bangladesh's Long-Term Issuer Default Ratings (IDRs) to 'Negative' from 'Stable', while affirming the ratings at 'B+'.

The outlook revision reflects Bangladesh's increased external finances and macroeconomic vulnerabilities stemming from significant exposure to the conflict in the Middle East (ME).

Fitch, one of the three major global rating agencies, released its latest assessment for Bangladesh on Wednesday through its Hong Kong office.

Moreover, Fitch considers that limited progress in reforms to address weaknesses in Bangladesh's policy framework, public finances and financial sector, as well as sustained weak institutional governance, is gradually eroding the sovereign's ca...