S&P affirmed ‘B+/B’ ratings for Bangladesh

The global rating agency ---S&P Global Ratings ---affirmed Bangladesh’s credit rating at B+/B, citing mainly recent improvement in its official foreign exchange reserve.

It also said Bangladesh’s outlook is stable.

 “We affirmed our long-term sovereign credit ratings on Bangladesh at B+ and our short ratings at B. The outlook is stable,” said S&P on Friday.

It said macroeconomic polices enacted over the past 18 months – such as transitioning opt a more flexible exchange rate regime, allowing local currency Taka to depreciate and tightening the monetary policy – are helping to build foreign exchange liquidity.

But it said that the country faces heightened trade risk from relatively high US tariffs.

It also said that mooted elections in the first half of 2026 are likely to be a critical pivot point for more lasting political stability following the abrupt collapse of the Sheikh Hasina government in July 2024.

jasimharoon@yahoo.com