Moody’s Lifts Pakistan’s rating to ‘CAA1’ about stronger external economy
Moody’s said Wednesday that it had raised Pakistan’s credit rating with a notch to ‘CAA1’ from ‘CAA2’ due to an improvement in external financial position, and that awarded the country a “stable ‘view. The announcement came within hours after Pakistan’s Finance Minister Mohammed Aurangzeb said there was more room for the central bank to reduce […]
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