They are Brac Bank, City, Dutch-Bangla, Eastern, NCC, Premier and Mercantile

Major global rating agency Moody’s yesterday downgraded its outlook of Bangladesh’s banking system from stable to negative -- a crushing development that is set to make foreign transactions trickier and costlier for businesses and banks.

Weak banks in Bangladesh with small holdings of government securities, which are used to mobilise funds either from the central bank or peers, may become more vulnerable in the days to come, Moody’s Investors Service warned yesterday.  

Moody's Investors Service has placed 7 Bangladeshi banks' long-term ratings and assessments on review for downgrade, said the global rating agency yesterday.

Bangladesh's banking system has been put on “negative watch” by the global ratings agency, Moody's Investors Service, despite the country's impressive economic performance and strong economy.