Pakistan’s credit rating received a boost as Moody’s Ratings upgraded the country’s local and foreign currency issuer ratings from Caa2 to Caa1. The agency also shifted the outlook to “stable,” citing Pakistan’s strengthening external position and reform momentum under the IMF’s Extended Fund Facility (EFF). This rating change, which underscores improving economic resilience, comes after …
Continue reading “Moody’s Upgrades Pakistan’s Credit Outlook to Stable”