Moody's forecasts BD’s stable credit rating

Moody's Investors Service has forecast Bangladesh's credit rating and the country's long-term outlook to be stable.
It indicates the global rating agency does not anticipate any significant changes in the economy's creditworthiness or its ability to meet its financial obligations.
It, however, maintains its downgraded credit rating at B1 (non-investment grade) for the country. This is number-four grade out of 11 grades in investment grade. Number-one in this grade is Ba1. The second is Ba2 and Bangladesh had Ba3.
Moody's disclosed the ratings in a statement on Friday.
Earlier in May, the agency downgraded Bangladesh's rating for the first time, placing it at B1.
This rating indicates that the issuer carries a greater-than-average probability of default. The B1/B+ classifications are just below investment grade, but they are the highest in the non-investment grade category.
Moody's Investors Service uses the B1 rating, while two other global rating agencies -- S&P Global Ratings and Fitch …. call it as B+ rating.

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