Tag Archives: Fitch downgrades Pakistan’s rating citing ‘worsening liquidity

Global rating agency Fitch on Tuesday downgraded Pakistan’s long-term foreign currency issuer default rating (IDR) to ‘CCC-’ from ‘CCC+’, citing further worsening in liquidity and policy risks along with pressure on foreign exchange reserves. The drop comes four months after Fitch revised down the ranking to CCC+. The agency did not assign any outlook since typically it does not assign outlooks to sovereigns …

Read More »