Moody’s says the upgrade to B3 reflects its expectations that improvements in governance will allow the government to sustain the recent improvements in the country’s external position and strengthen fiscal metrics
WEB DESK -- Moody’s Ratings (Moody’s) on Monday upgraded the Government of Pakistan’s local and foreign currency issuer and senior unsecured debt ratings to B3 from Caa1.
Last year in August, Moody’s upgraded Pakistan’s ratings to Caa1 from Caa2.
“We have also upgraded the rating for the senior unsecured MTN programme to (P)B3 from (P)Caa1. Concurrently, we maintained the outlook for the Government of Pakistan at stable,” the credit rating agency said.
Moody’s said the upgrade to B3 reflects its expectations that improvements in governance will allow the government to sustain the recent improvements in the country’s external position and strengthen fiscal metrics.
At least 13 Tunisians missing after migrant boat sinks off Tunisia, group says
- 2 دن قبل
The week the data center backlash exploded
- ایک دن قبل
Indian airlines suffer around $2bn loss as Pakistan continues airspace closure
- 2 دن قبل
Russia says Ukrainian drone strike kills two children
- ایک گھنٹہ قبل
Trump’s latest assault on public lands
- 2 دن قبل
Dead billionaires should pay higher taxes
- 2 گھنٹے قبل
The future of medicine is video games
- 2 دن قبل
PM, Malaysian counterpart discuss regional developments
- 2 دن قبل
FCC officially decides gigabit speeds are too good for you
- 4 گھنٹے قبل
Field Marshal Munir, Interior Minister Naqvi meet Iranian Interior Minister
- ایک گھنٹہ قبل
Cuba has plenty of doctors. So why is its healthcare system collapsing?
- 2 دن قبل
PM takes notice of non-functionality of CT Coronary Angiography facility at PIMS
- 2 دن قبل
