Moody’s upgrades Pakistan’s ratings to ‘Caa2’ on improved economic outlook

Moody’s upgrades Pakistan’s ratings to ‘Caa2’ on improved economic outlook

Moody’s Ratings has upgraded Pakistan’s local and foreign currency issuer and senior unsecured debt ratings to Caa2 from Caa3, citing improving macroeconomic conditions and better government liquidity and external positions. The rating agency noted that Pakistan’s default risk has reduced due to greater certainty on external financing sources, including a new agreement with the IMF…

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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…

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