Dhaka, March 28 -- The Middle East war poses a greater risk to Bangladesh, Pakistan, and Sri Lanka, and to a lesser extent Laos, due to their high dependence on imported energy and limited reserve supplies, says S&P Global Ratings, noting that these countries are particularly vulnerable to rising oil prices and potential supply disruptions.

In their base case scenario, the war is unlikely to have a material impact on their sovereign ratings for these countries, but a more prolonged price and supply shock in global energy markets could cause more pronounced credit damage.

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