report in The Daily Star, Sept 26, 2023Bangladesh’s credit rating came under further threat today as Fitch put the country on a “negative” outlook while giving a damning verdict on the central bank’s policy response to the fast-depleting foreign currency reserves. The American rating agency maintained Bangladesh’s BB- rating but warned that the outlook was now negative rather than stable, mirroring the action taken in July by its peer Standard and Poor’s. By the end…
Posts tagged as “Fitch”
report in The Island, July 7, 2023Fitch Ratings on Wednesday downgraded Sri Lanka’s Long-Term Local-Currency (LTLC) Issuer Default Rating (IDR) to ‘C’ from ‘CC’.It said the issue ratings on local-currency bonds had also been downgraded to ‘C’ from ‘CC’. Fitch also affirmed the Long-Term Foreign-Currency (LTFC) IDR at ‘RD’ (Restricted Default) and the Country Ceiling at ‘B-‘.Fitch said that the downgrade of Sri Lanka’s LTLC IDR reflects its view that a sovereign local-currency debt restructuring…