Bangladesh, May 14 -- * Fiscal weaknesses, inflation
* Slower growth prospects
* Banking sector concerns
* Debt outlook
Global credit rating agency Fitch Ratings has revised Bangladesh's sovereign outlook to "negative" from "stable," while affirming the country's Long-Term Issuer Default Rating (IDR) at "B+."
The agency cited rising external vulnerabilities and slow progress on structural reforms as key factors behind the decision.
In a statement issued from Hong Kong on 13 May, Fitch highlighted growing macroeconomic and external financing risks stemming from the ongoing conflict in the Middle East. Limited progress in implementing reforms aimed at strengthening policy frameworks, public finances, and the financial sector also contribut...