The news is by your side.

credit risk

Moody’s changes Pakistan’s ratings outlook from stable to negative

SINGAPORE: Moody's on Wednesday changed the outlook on Pakistan's rating to negative from stable but affirmed the B3 debt ratings, considered as being speculative and a high credit risk.    The decision to change the outlook to negative is driven by heightened external vulnerability risk. Foreign exchange reserves have fallen to low levels and, absent significant capital inflows, and will not be replenished over the next 12-18 months. Low reserve adequacy threatens continued access to external financing at moderate costs,…