In the aftermath of inconclusive elections that failed to produce a clear majority for any political party, Moody’s Investors Service has highlighted the clouded credit rating outlook for Pakistan due to the ensuing political uncertainty.
Moody’s Investors Service on Tuesday downgraded Pakistan’s rating, which is driven by assessment that country’s increasingly fragile liquidity and external position significantly raises default risks.
SINGAPORE: Moody’s Investors Service on Thursday downgraded the government of Pakistan’s local and foreign currency issuer and senior unsecured debt ratings to Caa1 from B3. The global rating agency also downgraded the rating for the senior unsecured MTN programme to (P) Caa1 from (P)B3. The outlook remains negative. It said that the decision to downgrade […]
SINGAPORE: Moody’s Investors Service on Thursday June 2, 2022 affirmed the Government of Pakistan’s B3 local and foreign currency issuer and senior unsecured debt ratings, the (P) B3 senior unsecured MTN programme rating, and changed the outlook to negative from stable. A statement issued by the Moody’s stated that the decision to change the outlook […]
KARACHI: Following the improved outlook of Pakistan economy, Moody’s Investors Service on Thursday affirmed the B3 long-term local currency deposit ratings of five top Pakistani banks and changed the outlook to stable from negative. The rating agency in a statement said that affected banks include Allied Bank Limited (ABL), Habib Bank Ltd. (HBL), MCB Bank […]
ISLAMABAD: Dr Hafeez Shaikh Adviser to Prime Minister on Finance and Revenue Dr. Abdul Hafeez Shaikh on Wednesday said that after 15 months efforts the economic environment of Pakistan becomes more stable as being recognized by international community. “We inherited a very grim economic situation with the debt levels and the fiscal and current account […]
KARACHI: State Bank of Pakistan (SBP) on Tuesday welcomed Moody’s change in outlook on Pakistan from negative to stable. In a statement, Governor SBP, Dr. Reza Baqir noted that this positive development reflects the recognition of tough decisions taken by the economic policymakers over recent months including the step devaluations of the exchange rate that […]
SINGAPORE: Moody’s Investors Service on Monday affirmed Pakistan’s outlook rating to stable from negative. In a statement the Moody’s said that the change in outlook to stable is driven by Moody’s expectations that the balance of payments dynamics will continue to improve, supported by policy adjustments and currency flexibility. Such developments reduce external vulnerability risks, […]
ISLAMABAD: International rating agencies Moody’s and Fitch have visited Pakistan for annual credit rating exercise, said a statement issued by ministry of finance on Friday. Details of the visit and the last five-year rating assigned to Pakistan by these two rating agencies is contained in the write-up below: Recent interaction of the Ministry of Finance […]
Moody’s Investors Service, a globally renowned credit rating agency, has altered its outlook for Pakistan’s banking system from stable to negative, citing concerns over the sector’s exposure to the nation’s low-rated sovereign debt and a decelerating economy.