Bangladesh

According to Moody's Weekly Credit Outlook (published on April 30), political instability in the country could lead to a downgrade of Bangladesh's credit rating to negative, due to the detrimental impact of such instability on investor confidence. The country's debt had earlier been rated as Ba3 stable by the ratings agency. Furthermore, Moody's cautioned that the IMF's recent approval of a US$1bn loan (see below) may prove insufficient to prop up investor confidence. The statement was made in response to a nationwide strike by the government's main opposition Bangladesh Nationalist Party (BNP), which staged a protest on the back of the disappearance of one of the party's senior figures.

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