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B3 rating

Moody’s reaffirms Pakistan’s B3 rating, maintains stable outlook

NEW YORK: Moody’s Investors Service - one of the two leading credit rating agencies - released its latest report reaffirming Pakistan’s sovereign credit rating at B3 with a stable economic outlook. Moody’s also said that Pakistan’s medium-term growth outlook has been categorized as strong in the backdrop of China Pakistan Economic Corridor addressing infrastructure and energy constraints and the continuing macro stability enhancing reforms initiated by the present Government. The rating is supported by Pakistan’s…

Moody’s keeps Pakistan’s B3 ranking with stable outlook

KARACHI: Credit rating agency Moody's kept Pakistan's B3 rating with a stable outlook in a recent analysis, saying strong growth performance, fiscal deficit reduction and improved inflation dynamics underpin the rating. At the same time, credit challenges include a relatively high general government debt burden, weak physical and social infrastructure, a fragile external payments position, and high political risk, the rating agency said. In particular, the government's very narrow revenue base weighs on debt…