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Bangladesh 'BB-/B' Sovereign Credit Ratings Affirmed; Outlook Stable
Standard & Poors, April 2011
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
Solid growth prospects and strong donor commitment mitigate severe fiscal constraints, a low-income economy, and heavy development needs in Bangladesh. We affirmed our 'BB-' long-term foreign and local currency sovereign credit ratings on Bangladesh. The outlook is stable. SINGAPORE (Standard & Poor's) April 28, 2011--Standard & Poor's Ratings Services said today that it had affirmed its 'BB-' long-term and 'B' short-term foreign and local currency sovereign credit ratings on the People's Republic of Bangladesh. The outlook is stable. The transfer and convertibility (T&C) assessment remains 'BB-'. The ratings on Bangladesh are constrained by the sovereign's limited fiscal flexibility due to low revenue-generation capacity, against relatively high public and external debt and significant physical and human capital development needs. Strong and...
Companies mentioned in this report are: Bangladesh (People's Republic of)
Action: Outlook: Stable
Bangladesh (People's Republic of)