Dhaka, Bangladesh (BBN)- A two-member team of Moody's, leading global credit rating agency, will arrive in the capital Dhaka on March 19 for reviewing the country’s sovereign credit rating.
During their three-day stay in Bangladesh, the members of Moody's Investors Service will separately sit with ministry of finance, Bangladesh Bank, National Board of Revenue, individuals and organizations.
They will hold their first meeting with country's noted economists in the morning on March 19 and then they will sit with the representative of International Monetary Fund's (IMF) Dhaka office.
The team is expected to talk with Prime Minister's adviser on power and energy, finance secretary, Bangladesh Bank governor and top officials of different banks.
Moody's gave Bangladesh Ba3 rating in 2010, 2011 and 2012 for long-term issuers (domestic and foreign currency).
Sovereign credit rating is considered as a strong tool for positioning Bangladesh in the global financial arena by providing relevant information and related indicators about its overall economic situation.
BBN/SSR/AD-12Mar13-9:50 pm (BST)
