Moody’s Ratings Wednesday on Wednesday, Pakistan’s credit rating upgraded with a stable view from CAA2 to CAA1 with reference to the country’s improved financial position supported by a loan from the International Monetary Fund (IMF).
Upgrading was secured after similar movements of S&P Global Ratings and Fitch rates in the last four months after repeated promises from Prime Minister Shehbaz Sharif’s government to remain the course on fiscal consolidation and more reforms, a statement said.
This is an evolving story and is updated with more details.
