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Standard and Poor’s

Top credit-rating agency raises Pakistan rating, says economy stable

ISLAMABAD: Standard and Poor's revised Pakistan long-term credit rating from B- to B Monday, saying better policymaking had improved the economy's performance and raised the country's growth prospects. The agency said Pakistan continued to benefit under its democratically elected government and that a reform programme had helped to restore economic stability. It affirmed the 'B' short-term rating and said the outlook on the long-term rating was stable. However it warned that many of Pakistan's structural weaknesses…