Web
Analytics
The news is by your side.

Fitch Ratings

Fitch affirms Pakistan in B category with stable outlook

ISLAMABAD: Fitch Ratings has affirmed Pakistan's Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at 'B' with Stable Outlooks. The issue ratings on Pakistan's senior unsecured foreign- and local-currency bonds, Country Ceiling as well as the Short-Term Local- and Foreign-Currency IDRs and are also affirmed at 'B'. Pakistan's ratings balance broad gains achieved over the International Monetary Fund (IMF) programme against a high public debt/GDP ratio, low scores on the World Bank governance indicators…