Moody’s downgrades Pakistan’s rating to Caa3; changes outlook to stable from negative
Moody’s has also downgraded the rating for the senior unsecured MTN programme to (P) Caa3 from (P) Caa1. Moody’s assessment that the pressures that Pakistan faces are consistent with a Caa3 rating level. Moody’s has lowered Pakistan’s local and foreign currency country ceilings to Caa1 and Caa3 from B2 and Caa1. KARACHI: Moody’s Investors Service … Read more