Economy

Bangladesh banks feel squeeze of Moody's outlook downgrade

Sector faces higher costs, pressure for reform as economic worries mount

FAISAL MAHMUD, Contributing writer
March 9, 2023 15:22 JST

DHAKA -- Bangladesh's banking sector is girding for a rougher ride after Moody's, one of the big three global rating agencies, downgraded its outlook for the sector from "stable" to "negative."

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