Nilgiri
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- Aug 4, 2015
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Credit rating not improving? We only started getting credit rating in 2016, what are you talking about?
LOL you seriously want to persist here.
a) Your own argument (just running with it for the moment), "We only got credit rating in 2016" by itself speaks volumes...so ask yourself if you didn't have any credit rating, why would you then compare with countries that do? Its like basket case wondering why no one is interested in building a Boeing Aircraft Complex there.....but bravely saying it has lower debt as result.....and no one else really caring
b) The argument is BS anyway, you have plenty of credit rating history (definitely past 2016), never good, always flat:
Foreign:
https://countryeconomy.com/ratings/bangladesh
Even domestically it has been in operation for waaay longer than 2016:
http://dspace.bracu.ac.bd/bitstream/handle/10361/3720/09104055.pdf?sequence=1
And what does credit rating have to do with the fact that India has way more external debt to forex ratio than BD?
Yes what does debt level have to do with credit rating? Seriously this is a question you are asking (again)?
Then bringing in forex again (after I specifically addressed what the Mx velocities are in the last post)....facepalm. I seriously hope for your sake you are still a teenager. There is still time for you hopefully if that is the case to actually LISTEN and UNDERSTAND, rather than ask the same question again like a dullard after it was answered.
We only spend 15% of our budget on debt servicing even though our government spending to GDP is only 13% while India spends over 20% on debt servicing.
Again its due to lack of supply of debt to your govt to take on, because it fares so poorly and non - credibly (maybe non credit-ably lol).
BD doesn't have debt problem to begin with that it would need to reduce the debt.
The effects of the current debt ramp (that 50% increase I was referencing in just 4 years time) along with the deterioration in BD banking sector (can ask @MBI Munshi and @Tanveer666 among others) will take its effect only in later years (debt ROI cycles take time to work through, refer to current NPA situation in India). Tell me do you know how much the split is for BD case between short term and long term debt in the current ramp?...and compare it to the pre -2012 composition? Then factor in the stagnant and even worsening BD financial sector (credit rating, market cap, bond market reform)...you are going to have a SHTF situation at the current ramp.
Go knock yourself out:
http://datatopics.worldbank.org/debt/ids/country/BGD
You are the one with the need of debt reduction not BD. We have more things to worry about than non existent debt crisis.
As you have clearly shown, you know nothing on the subject. Simply repeating things on feelz and some cursory title reading on the matter will not cut it I am afraid.