Bangladesh has been given a Ba3 rating with a stable outlook for the third consecutive year by the sovereign rating agency Moody. According to a Bangladesh Bank press release, the country's rating is higher than Sri Lanka (B1) and Pakistan (Caa1) and one notch below India.According to the Bangladesh bank, some of the key factors contributing to Moody's ratings of the country are the track record of macroeconomic stability and growth prospects, record of full and timely debt repayment to its creditors. Apart from this steps taken to alleviate external pressures on the economy by the authorities to tighten monetary policy, restrain import demand, greater exchange rate flexibility and a largely stable banking system that poses manageable contingent risks to the governments balance sheet have also contributed to the stable rating. The credit rating agency has released its report following a recent assessment visit by its officials during which they had meetings with Bangladesh Bank, Ministry of Finance, private sector officials, civil society and academics.