Fitch lowers Bangladesh’s rating to B+

Fitch Ratings on Monday downgraded Bangladesh’s long-term foreign currency issuer default rating from “BB-” to “B+”, citing persistent weakening of the country’s external buffers.  However, the …

Cyclone Remal makes landfall in Bangladesh

On Sunday, Bangladesh evacuated nearly 800,000 people from vulnerable areas. Bangladesh’s junior minister for disaster management and relief, Mohibur Rahman, said volunteers have been deployed to move the evacuees to up to 9,000 cyclone shelters. The government also closed all schools in the region until further notice.