Major global rating agency Moody’s yesterday downgraded its outlook of Bangladesh’s banking system from stable to negative -- a crushing development that is set to make foreign transactions trickier and costlier for businesses and banks.
Moody's Investors Service has placed 7 Bangladeshi banks' long-term ratings and assessments on review for downgrade, said the global rating agency yesterday.
Major global rating agency Moody’s yesterday downgraded its outlook of Bangladesh’s banking system from stable to negative -- a crushing development that is set to make foreign transactions trickier and costlier for businesses and banks.
Moody's Investors Service has placed 7 Bangladeshi banks' long-term ratings and assessments on review for downgrade, said the global rating agency yesterday.
