Bangladesh just after India in S&P ranking

Standard and Poor’s has affirmed BB- rating and a stable outlook for Bangladesh.

The annual rating was given on the basis of a recent visit by S&P analysts to Bangladesh, said the credit rating agency in a press statement on Thursday.

It said Bangladesh was rated second highest in South Asia behind India (BBB-) and ahead of Sri Lanka (B+) and Pakistan (B-).

Other countries in the BB category along with Bangladesh include Turkey, the Philippines, Indonesia and Vietnam.

The S&P statement released Thursday said: “The stable outlook reflects strong growth prospects and ongoing donor support, which ensures low-cost and long-maturity external debt and minimizes refinancing risk.”

It said: “These factors are balanced against lingering inflation risk and balance of payments pressure as imports expand.”

Source: bdNews24

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