Moody’s Upgrades Pakistan Credit Rating to B3 Amid Economic Stabilisation

The Pakistan credit rating upgrade reflects stronger foreign-exchange reserves, improved fiscal conditions, lower domestic financing costs and greater resilience to external economic shocks. ISLAMABAD: Moody’s Ratings has upgraded Pakistan’s sovereign credit rating from Caa1 to B3, citing improvements in the country’s external position, fiscal indicators and domestic financing conditions. The ratings agency retained Pakistan’s outlook […]