Moody’s upgrades Pakistan’s ratings to Caa2 from Caa3
Global rating agency Moody’s has upgraded Pakistan’s local and foreign currency issuer and senior unsecured debt ratings to Caa2 from Caa3. According to the one of the top international rating agencies, the upgrade to Caa2 reflects Pakistan’s improving macroeconomic conditions and moderately better government liquidity and external positions, from very weak levels. It noted that … Read more