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Standard & Poor’s affirms Pakistan’s ‘B/B’ ratings with stable outlook

ISLAMABAD: The global rating agent Standard & Poor's (S&P) in its report on Monday affirmed Pakistan's 'B' long-term and short-term sovereign credit rating. The outlook for the long-term ratings remains stable. Affirmation of Pakistan's rating reflects that economic prospects remain favourable and external and fiscal metrics of the country will not worsen materially from their current level, reported press information department. Standard & Poor's expect the government of Pakistan to continue its reform…