Tag Archives: Wapda assigned B3 CFR by Moody’s

ISLAMABAD: Moody’s Investors Service on Tuesday assigned a first-time corporate family rating (CFR) of B3 to Water and Power Development Authority (Wapda) and a stable outlook. Wapda’s B3 CFR is primarily driven by its baseline credit assessment (BCA) of B3, and expectation of a very high likelihood of support from, and a very high level of dependence on, the Government …

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