Islamabad, July 17, 2024 – Fitch Ratings has raised alarm over the fragile economic state of Pakistan, citing significant risks stemming from both internal and external factors.
Islamabad, February 19, 2024 – Fitch Ratings has raised concerns about Pakistan’s external position, stating that the recent closely contested elections and ensuing political uncertainty may hinder the country’s efforts to secure a crucial financing agreement with the International Monetary Fund (IMF). The existing Stand-By Arrangement (SBA), set to expire in March 2024, needs to […]
Pakistan’s Foreign-Currency Issuer Default Rating (IDR) has been upgraded by Fitch Ratings from ‘CCC-‘ to ‘CCC,’ signaling improved external liquidity and funding conditions, according to a statement issued Monday.
KARACHI: Fitch Ratings on Tuesday downgraded Pakistan’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘CCC-‘, from ‘CCC+’.
HONG KONG: Fitch Ratings on Monday revised Pakistan’s Outlook to Negative from Stable, while affirming its Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) at ‘B-‘. In a statement the international rating agency said that the revision of the Outlook to Negative reflects significant deterioration in Pakistan’s external liquidity position and financing conditions since early 2022. “We […]
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 […]