Bangladesh Credit Ratings & Outlooks

Country	Moody's	S&P	Fitch	DBRS	Scope Ratings
Bangladesh	B2 Negative	B+ Stable	B+ Stable	NR	NR

Credit Rating History

Country	Date of Change	Rating Agency	Previous Rating	Previous Outlook	Current Rating	Current Outlook
Bangladesh	Nov 18, 2024	Moody's	B1	Stable	B2	Negative
Bangladesh	Jul 30, 2024	S&P	BB-	Negative	B+	Stable
Bangladesh	May 27, 2024	Fitch	BB-	Negative	B+	Stable
Bangladesh	Sep 25, 2023	Fitch	BB-	Stable	BB-	Negative
Bangladesh	Jul 25, 2023	S&P	BB-	Stable	BB-	Negative
Bangladesh	May 30, 2023	Moody's	Ba3	Under Review	B1	Stable
Bangladesh	Dec 09, 2022	Moody's	Ba3	Stable	Ba3	Under Review
Bangladesh	Aug 29, 2014	Fitch	NR		BB-	Stable
Bangladesh	Apr 19, 2012	Moody's	NR		Ba3	Stable
Bangladesh	Apr 05, 2010	S&P	NR		BB-	Stable

Table Key

Grade	Moody's	S&P	Fitch	DBRS	Scope Ratings
Prime	Aaa	AAA	AAA	AAA	AAA
High Grade	Aa1	AA+	AA+	AA (high)	AA+
	Aa2	AA	AA	AA	AA
	Aa3	AA-	AA-	AA (low)	AA-
Upper Medium Grade	A1	A+	A+	A (high)	A+
	A2	A	A	A	A
	A3	A-	A-	A (low)	A-
Lower Medium Grade	Baa1	BBB+	BBB+	BBB (high)	BBB+
	Baa2	BBB	BBB	BBB	BBB
	Baa3	BBB-	BBB-	BBB (low)	BBB-
Non-investment Grade Speculative	Ba1	BB+	BB+	BB (high)	BB+
	Ba2	BB	BB	BB	BB
	Ba3	BB-	BB-	BB (low)	BB-
Highly Speculative Grade	B1	B+	B+	B (high)	B+
	B2	B	B	B	B
	B3	B-	B-	B (low)	B-
Substantial Risk Grade	Caa1	CCC+	CCC+	CCC
	Caa2	CCC	CCC	CCC	CCC
	Caa3	CCC-	CCC-	CCC
Extremely Speculative Grade	Ca	CC	CC	CCC	CC
Extremely Speculative Grade			C	CCC	C
In Default with Little Prospect for Recovery		CD	RD	RD
In Default		SD		SD
	C	D	D	D	D
			DD	DD
			DDD	DDD
Not Rated	NR	NR	NR	NR	NR

FAQ

What is Bangladesh’s current credit rating?

Bangladesh’s sovereign credit rating reflects its government’s ability and willingness to meet debt obligations. It is assigned by major agencies such as S&P, Moody’s, Fitch, DBRS, and Scope, and represents how international markets view Bangladesh’s credit risk.

Has Bangladesh’s credit rating changed recently?

This page lists the latest rating and outlook actions for Bangladesh, showing when each agency last reviewed or changed its assessment.

Why does Bangladesh’s credit rating matter to investors?

Ratings directly affect borrowing costs, investor confidence, and market access. Changes can influence Bangladesh's bond yields, currency, and equity flows as investors reassess risk.

How does Bangladesh’s rating compare to other countries?

You can explore how Bangladesh ranks globally using our Credit Ratings Hub, which displays all countries’ ratings from S&P, Moody’s, Fitch, DBRS, and Scope.

What do outlooks like Positive, Stable, and Negative mean?

They indicate the expected direction of a rating. Positive signals a possible upgrade, Stable means no change is likely, and Negative points to potential downgrade risk

What is the difference between investment grade and speculative grade?

Investment grade (BBB−/Baa3 or higher) means relatively low risk and steady market access. A speculative grade (BB+/Ba1 or lower) signals higher risk and volatility, but can attract yield-seeking investors.