The US market regulator charged and fined six major ratings agencies on Tuesday, including Moody's, S&P and Fitch, over what it called "significant recordkeeping failures."

The American rating agency assumes the effects to be temporary, and that political stability is restored and sustained

International credit rating agency Fitch downgraded the Maldives Wednesday and warned that South Asia's tourist paradise could be headed for a sovereign default on its foreign loans

Islamic banks’ liquidity coverage ratio (LCR) tumbled to 58.7 percent at the end of last year compared to 87.7 percent in 2022 and 188.5 percent in 2021.

“BB” ratings indicate an elevated vulnerability to default risk, particularly in the event of adverse changes in business or economic conditions over time. It, however, means business or financial flexibility exists that supports the servicing of financial commitments.

Bangladesh's external challenges remain pressing, the American credit rating agency said.

Rating agency Fitch on Tuesday downgraded the US government's top credit rating, a move that drew an angry response from the White House and surprised investors, coming despite the resolution of the debt ceiling crisis two months ago.