Moody's Upgrades Pakistan's Sovereign Rating to B3 Amid Easing External Risks
Global ratings agency Moody's has upgraded Pakistan's sovereign rating to 'B3' from 'Caa1', citing improvements in governance, easing external vulnerability risks, and the country's efforts to rebuild foreign exchange reserves and implement economic reforms.
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Moody’s Upgrades Pakistan to B3 as External Risks Ease
Pakistan’s sovereign credit rating was upgraded by Moody’s rating as the country rebuilds its foreign exchange reserves and pushes ahead with economic reforms.
By Ruchi Bhatia
Read full article →Moody's lifts Pakistan sovereign rating to B3 from Caa1
Global ratings agency Moody’s lifted Pakistan’s sovereign rating to ‘B3’ from ‘Caa1’ on Monday, citing improvements in governance and easing external vulnerability risks. The agency maintained the country’s outlook at ‘stable’. The development comes only a month after S&P Global Ratings upgraded Pakistan’s long-term sovereign credit rating to ‘B’ from ‘B-’, citing an improving external position and gradual macroeconomic stabilisation, while also assigning a stable outlook. A country’s soverei...
By none@none.com (ReutersNews Desk)
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