Bilal9
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To what end? They have to give justification for rating change. If they don't have strong arguments, their dishonesty will be readily exposed.
Anyway, I read the news above and the main theme seems to be they are concerned that there will be strong climate change risks, among other usual governance problems. My guess is they saw what happened in Pakistan and how it is helping sink Pakistan into default and are drawing similar conclusions. After all, Bangladesh has had very heavy floods and cyclones even before climate change became a major factor. Now they seem to suggest that instead of being a likely risk, it is a certain risk.
So - no arguments about climate risks like lack of water in some Indian parts and floods and cyclones in others?
I know for a fact that large cities were abandoned in Gujarat and Haryana/UP even in Mughal times. Cyclone risk is far higher in West Bengal and Odisha nowadays, and we all saw how vulnerable TN and Kerala are to flooding. Bhikharee India is a far worse risk due to climate change than Bangladesh ever will be.
Let's just leave aside all the BS and mark it for what it is, Indian h*r*mis in Moody's making this decision, suggested by Modi and his economist sycophant s*wars.
If Hasina's govt. is worth anything and be even 10% responsible, they should sue Moody's and ask for justification.
These ratings are serious business and cannot go unchallenged.