Dhaka, June 1 -- Moody's Investors Service has lowered the long-term deposit and issuer ratings of six Bangladeshi banks while confirming the ratings for another bank a day after downgrading the government's rating.
Moody's cut the ratings for BRAC Bank Limited, The City Bank Limited, Dutch-Bangla Bank Limited, Eastern Bank Limited, NCC Bank Limited and Premier Bank Limited while confirming the rating for Mercantile Bank Limited, according to a statement released on Wednesday.
Moody's confirmed the Baseline Credit Assessments of all the other banks except for NCC Bank and Premier Bank, who were downgraded from B3 to B2, while also confirming MBL's B2 long-term deposit and issuer rating, reports bdnews24.com.
At the same time, Moody's has...