A two-member Standard & Poor’s team will arrive in Dhaka on 14 this month for the sovereign rating review of Bangladesh for the current 2015-16 fiscal year.
During its stay in Dhaka, the Standard & Poor’s team will hold meetings with officials of Bangladesh Bank, National Board of Revenue, Finance Division, Janata Bank, foreign mission USA and International Monetary Fund, according to official sources.
Officials of Standard Chartered Bangladesh, one of credit rating advisers of the country, and the Hongkong and Shanghai Banking Corporation (HSBC) will also attend the meetings.
Policy Research Institute representatives will also hold meeting with the team, according to a Bangladesh Bank letter sent to the Finance Division.
S&P’s team will stay Dhaka until 16 this month.
In May, the S&P’s reaffirmed the BB- rating for Bangladesh and projected a stable outlook for the sixth straight year.
Although the S&P’s assessed Bangladesh’s external liquidity as strong, it felt the country faces the vulnerabilities of a low-income economy, fiscal constraints, and heavy development needs.
