Moody’s upgrades Pakistan’s rating and credit outlook
ISLAMABAD: Moody’s upgrades Pakistan’s credit rating to ‘Caa1’ from ‘Caa2’, citing stronger external position. In a statement, Moody’s said the country’s local and foreign currency credit ratings, previously at CAA2, have been improved to CAA1. According to the agency, Pakistan’s credit outlook has also been revised from “positive” to “stable.” Moody’s said Pakistan’s better outdoor … Read more