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Moody’s
Business

Moody’s upgrades Pakistan’s credit rating to B3 from Caa1

ISLAMABAD: Global ratings agency Moody’s has upgraded Pakistan’s sovereign credit rating to B3 from Caa1, citing improvements in governance, the country’s external position and fiscal metrics while maintaining a stable outlook. The two-notch upgrade marks another positive assessment of Pakistan’s improving macroeconomic stability and debt affordability after a period of […]