Fitch upgrades Pakistan credit rating

Fitch upgrades Pakistan credit rating

Fitch Ratings has upgraded Pakistan’s credit rating due to improved external funding prospects following a new IMF bailout. The long-term foreign-currency issuer default rating was raised to CCC+ from CCC. However, Fitch warned that any deterioration in external liquidity conditions or delays in the IMF program reviews could lead to downgrades in the future. The…

Read More