
Moody’s upgrades Pakistan credit rating, but flags ‘fragile’ external position
Moody’s Ratings on Wednesday, August 13, upgraded Pakistan’s credit rating to ‘Caa1’ from ‘Caa2’, indicating an improvement in the country’s financial situation. The ratings agency also revised the outlook for the Government of Pakistan to stable from positive. The Government of Pakistan’s local and foreign currency issuer and senior unsecured debt ratings have been upgraded…