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Moody’s reaffirms Pakistan’s credit profile as B3 stable

ISLAMABAD: Moody’s Investor Service, one of the world’s most widely utilized credit rating agency, on May 18, 2018, reaffirmed Pakistan’s credit profile as B3 stable. The reaffirmation is based on the country’s strong growth performance and potential, a relatively large economy and the sustained reforms programme undertaken by the government in the last five years. Moody’s credit analysis also highlights the greater transparency which Pakistan has achieved in its economic field besides keeping inflationary pressure to…