Gradually rising ready-made garment exports and remittances are helping Bangladesh to keep the foreign currency inflow stable. Fitch Rating has maintained its ‘BB-‘ rating for Bangladesh, due to the country’s local and foreign currency earnings and high and stable real GDP growth. Though the structural indicators and banking-sector health are weak, and political uncertainty poses risks, but strong and rising gradually rising foreign-exchange reserves and ready-made garment exports is helping Bangladesh to keep its Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at ‘BB-‘. Bangladesh’s real GDP growth is high at a five-year average of 6.5% compared with the ‘BB’ category median of 3.5%. Growth has been remarkably stable over the years despite both political turmoil and natural disasters, the leading global credit rating agency said on Monday.
