In a positive development, Moody's Investors Service has upgraded Pakistan's long-term issuer rating from "Caa3" to "Caa2" with a stable outlook.
This upgrade follows Fitch Ratings' decision...
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...
Global rating agency Moody’s on Tuesday said that Pakistan's recent staff-level agreement with the International Monetary Fund (IMF) will improve funding prospectes for the...
Moody’s Ratings, a global credit rating agency, said that the Pakistan government’s budget for fiscal year 2024-25 would "likely support" Islamabad’s ongoing talks with...
Pakistan could default without an International Monetary Fund (IMF) bailout as its financing options beyond June are uncertain, Moody’s Investor Service warned on Tuesday.
According...
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...
ISLAMABAD: Following Moody and Fitch’s move, Global ratings agency S&P Global cut Pakistan's long-term sovereign credit rating by one notch to "CCC+" from "B"...
Ratings agency Moody's on Friday lowered the United Kingdom's outlook to "negative" from "stable" over ongoing political turmoil, weaker growth prospects and high inflation.
Moody's...
Moody's on Thursday cut Pakistan's sovereign credit rating by one notch to Caa1 from B3, citing increased government liquidity and external vulnerability risks, following...
ISLAMABAD: Moody’s Investors Service has affirmed the B3 long-term deposit ratings of five Pakistani banks but changed the outlook on the banks' long-term deposit...
Moody's on Thursday affirmed the Government of Pakistan's B3 local and foreign currency issuer and senior unsecured debt ratings and changed the outlook to...
The agency also observed that banks' slow economic recovery to affect loan quality, with nonperforming loans (NPLs) expected to rise over the coming months from a sector-wide level of 9.9% of gross loans in September 2020.
It further said the Pakistani economy is improving and the biggest challenge being faced by the Pakistani economy, the current account deficit, is also shrinking.
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