Tag Archives: Moody’s upgrades Pakistan’s outlook from negative to stable

Moody’s Investors Services upgraded Pakistan’s outlook from ‘negative’ to ‘stable’, reaffirming the country’s rating of B3, the agency announced on Monday. Moody’s had downgraded Pakistan’s ratings outlook to negative last year in June, citing heightened external vulnerability risk due to depleting foreign exchange reserves. “The change in outlook to stable is driven by Moody’s expectations that the balance of payments dynamics will continue to …

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