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BRIEF-Moody's Ratings Downgrades Bangladesh's Ratings To B2; Changes Outlook To Negative

BY Reuters | CORPORATE | 11/18/24 05:19 AM EST

Nov 18 (Reuters) - MOODY'S:

* MOODY'S: DOWNGRADED GOV OF BANGLADESH'S LONG-TERM ISSUER AND SENIOR UNSECURED RATINGS TO B2 AND AFFIRMED SHORT-TERM ISSUER RATINGS AT NOT PRIME

* MOODY'S ON BANGLADESH: DOWNGRADE REFLECTS HEIGHTENED POLITICAL RISKS AND LOWER GROWTH

* MOODY'S: NEGATIVE OUTLOOK REFLECTS DOWNSIDE RISKS TO BANGLADESH'S GROWTH OUTLOOK BEYOND OUR CURRENT EXPECTATIONS

* MOODY'S ON BANGLADESH: POLITICAL UNCERTAINTY AND WEAKENING GROWTH INCREASE RISKS RELATED TO GOV LIQUIDITY, BANKING SECTOR, EXTERNAL VULNERABILITIES

* MOODY'S: INFLATION WILL REMAIN ELEVATED, PROMPTING BANGLADESH BANK TO MAINTAIN TIGHT MONETARY POLICY STANCE, WHICH WILL LIKELY WEIGH ON CONSUMPTION Source text:

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