May 28, 2024 8:14 PM
Fitch Downgrades Bangladesh to ‘B+’; Outlook Stable
Fitch Ratings has downgraded Bangladesh's Long-Term Foreign-Currency Issuer Default Rating on Monday to 'B+' from 'BB-' owing to weakening of Bangladesh's external buffers. The country's forex reserves are down substantially due to continued forex interventions, capital outflows and persistent use o...