S&P affirms Bangladesh credit rating at B+

S&P affirms Bangladesh credit rating at B+

ECONOMYNEXT – S&P Global Ratings said it is affirming Bangladesh’s sovereign rating at B+ as the country’s external liquidity is stabilizing, as indicated by the recent steady improvement in its official foreign exchange reserves. The outlook is stable. “Our ‘B+’ ratings on Bangladesh reflect the economy’s modest per capita income and limited fiscal flexibility owing to a combination of low revenue-generation capacity and the government’s high i…