Standard &amp; Poor's Global Ratings on Tuesday lowered Bangladesh's long-term rating outlook to negative from stable, sitting liquidity risks.<br />''<br />''Bangladesh is struggling to pay for imported fuel because of a dollar crunch and its dollar reserves have shrunk by more than a third since February 2022.<br />''<br />''Rating agency reaffirmed its BB- long-term and B short-term sovereign credit ratings on Bangladesh but said they could be lowered if external debt or liquidity metrics worsened further.<br />''<br />''Moody's Investors Service also revised the outlook on Bangladesh's banking system to negative from stable in a report published in March this year.<br />''<br />''Bangladesh's GDP growth fell to 6.3 per cent in the financial year ended in June 2023.<br />''<br />''<span style="color: #222222;">Bangladesh's economy is expected to expand between 6% to 6.4% annually between 2024 and 2026, S&amp;P said.</span><br />
News On AIR | July 25, 2023 2:19 PM
S&P lowers Bangladesh's rating outlook to negative from stable