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Global ratings improve for Pakistan’s economy with political stability

KARACHI: Pakistan's economy is showing signs of recovery as the country begins to stabilize politically. In a significant boost to its economic standing, Moody's...

Fitch downgrades Israel citing war in Gaza

US credit rating agency Fitch downgraded Israel a notch on Monday, warning that its ongoing conflict against Hamas in Gaza could last "well into...

PML-N, allies command only a slim majority in Pakistan NA: Fitch

KARACHI: Fitch, who recently upgraded Pakistan’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘CCC+’ from ‘CCC’, in its detailed report also shed light several...

Fitch upgrades Pakistan rating to ‘CCC+’

In a positive development, Fitch Ratings has upgraded Pakistan’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘CCC+’ from ‘CCC’. “The upgrade reflects greater certainty over...

Fitch predicts technocrat setup in Pakistan in case of PML-N govt’s ouster

Global credit rating agency Fitch has predicted the possibility of a technocrat setup in Pakistan in case the Pakistan Muslim League-Nawaz (PML-N) government is...

Fitch says Pakistan’s election outcome highlights risks to new IMF deal

The close outcome of Pakistan’s election and resulting near-term political uncertainty may complicate the country’s efforts to secure a financing agreement with the IMF,...

Fitch maintains Pakistan’s ratings at ‘CCC’

An American credit rating agency, Fitch Ratings on Wednesday issued Pakistan's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'CCC', ARY News reported. According to the...

Fitch downgrades US credit rating after debt limit standoffs

Fitch downgraded the United States' top-notch credit rating by a step on Tuesday, citing a growing federal debt burden and an "erosion of governance"...

Two Adani entities face contagion risks: Fitch

Ratings agency Fitch said two Adani Group subsidiaries were exposed to "heightened contagion risks", possibly affecting their financial flexibility, due to weak governance at...

Moody’s cuts Pakistan’s credit rating citing ‘increased liquidity’

SINGAPORE: Moody's Investors Service (Moody's) on Tuesday downgraded Pakistan's local and foreign currency issuer and senior unsecured debt ratings to Caa3 from Caa, citing...

Fitch cuts Pakistan’s sovereign credit rating to CCC-

ISLAMABAD: Global rating agency Fitch on Tuesday downgraded Pakistan’s long-term foreign currency issuer default rating (IDR) to ‘CCC-’ from ‘CCC+’, citing large refinancing risks,...

Fitch revises Pakistan’s outlook to Negative

Global rating agency Fitch has revised Pakistan's outlook from stable to negative citing political instability, ARY News reported.  The global credit rating company Fitch has...

Fitch cuts India’s sovereign rating outlook to ‘negative’

Fitch cut its outlook on India’s sovereign rating to “negative” from “stable” on Thursday and forecast a 5% contraction in growth for the current fiscal year

Fitch affirms Pakistan’s credit profile as B- with stable outlook

International credit rating agency, 'Fitch' has affirmed Pakistan's sovereign credit rating at B- with a stable outlook.

Fitch cuts Saudi credit rating citing ‘risk of further attacks’

Rating agency Fitch downgraded Saudi Arabia’s credit rating to A from A+ citing rising geopolitical and military tensions in the Gulf following an attack on its oil facilities

Fitch, S&P downgrade Argentina’s credit rating on rising uncertainty

Argentina's peso ended a tumultuous week Friday having shed 20 percent in its value against the US dollar as both Fitch and S&P cut the South American country's long-term credit rating, citing increased uncertainty and a rising risk of default.
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